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To give relief to small taxpayers from the tedious job of maintenance of books of account and from getting the accounts audited, the Income-tax Act has framed the presumptive taxation scheme under sections 44AD and section 44AE. A person adopting the presumptive taxation scheme can declare income at a prescribed rate and in turn, is relieved from tedious job of maintenance of books of account and also from getting the accounts audited.So, if you are a small business owner in India, Filing Mantra is the ideal service provider for your unique income tax return filing and refund claims.
As per section 4 of partnership act 1932, partnership means the relationship between the person who are agreed to share the profits of business car...
As per section 44AA income Tax act 1962, every person who is carrying on business or profession is required to maintain books of accounts. However,...
The Prime Minister approved “The constitution amendment bill for Goods and Service Tax”(GST) in the Parliament Session (Rajya Sabha on 3 August 201...
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