Sections 44AD and 44ADA of the Income Tax Act, 1961, offer presumptive taxation schemes to simplify the tax compliance process for small businesses and professionals in India. These sections allow taxpayers to declare income at a prescribed rate and avoid maintaining detailed books of accounts. This tutorial will guide you […]
Continue readingTag: financial year
Limited Time Offer!
For Less Than the Cost of a Starbucks Coffee, Access All DevOpsSchool Videos on YouTube Unlimitedly.
Master DevOps, SRE, DevSecOps Skills!
TDS on Purchase of Goods | Section 194Q
Hello Friends, Welcome to my blog, In today’s session, I will let you know about the TDS Section 194Q. TDS (Tax Deducted at Source) on the purchase of goods is governed by Section 194Q of the Income Tax Act, 1961. This provision mandates that the buyer deduct tax at source […]
Continue readingGSTR-9 Annual Return Filing: Exemption and Late Fee for FY 2022-23
Hey All In This tutorial, We will discuss about the Exemption and new late fees for FY 2022-23 in GSTR-9 (Annual Return Filing). What is GSTR-9 (GST Annual Return)? GSTR-9 is an Annual Return Filing of the Goods and Services Tax (GST) system in India, serving as the GST Annual […]
Continue readingWhat is being followed at the Annual General Meeting?
An annual general meeting is held only once in a financial year and in this meeting we cover all the new provisions, shares, remuneration, introduction of directors, the introduction of new shareholders, all these things in annual general meeting. And only equity shareholders attend this meeting. What are the cases […]
Continue reading