Understanding the Section 44AB Tax Audit in a Simplified Manner


Tax Audit under Section 44AB Tax Audit is simply an examination of Books of Account of the Business/Profession from the Tax perspective, conducted by a Practicing Chartered Accountant and mandated by the Income Tax Law for certain categories of persons. In this article we will briefly discuss about the applicability, non-applicability, conditions, interlinking with Presumptive Taxation,...

All you need to know about Section 44AD (Presumptive Taxation)


In this article, we will tell you everything about Presumptive Taxation, its eligibility criteria, benefits and what happens when you do not follow or opt for this section! What is Presumptive Taxation? Presumptive is derived from the word presume which means to assume in advance. Thus, Presumptive Taxation is nothing but an option available to certain...