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Contact Person: Callum S Ansell
E: callum.aus@capital.com
P: (02) 8252 5319
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LONDON
Contact Person: Matilda O Dunn
E: matilda.uk@capital.com
P: 070 8652 7276
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Contact Person: Thorsten S Kohl
E: thorsten.bl@capital.com
P: 030 62 91 92
Section 44AD deals with special provisions for computing profits and gains of business on presumptive basis. What is the meaning of presumptive taxation scheme? As per sections 44AA of the Income-tax Act, 1961, a person engaged in business is required to…
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Presumptive taxation for professionals at 50% Applicable:- Resident assessee (Individual, HUF, Firm other than LLP) engaged in profession referred to in section 44AA(1) Presumptive taxation under Section 44AD, which was only available to businesses, has now been extended to include…
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Non-resident Indians who sell house property in India must pay taxes on capital gains. The tax paid on profits depends on whether the capital gains are short or long-term. How much is the tax paid? Taxes on long-term capital gains…
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Reverse charge mean Normally, the supplier of goods or services pays the tax on supply. In the case of Reverse Charge, the receiver becomes liable to pay the tax, it means the chargeability of GST gets reversed. OLD PROVISION U/s…
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Lets Discussed 80G of Income-tax Act with CA Mohit Gupta. Section 80G: Deduction for Donations Government introduces this section to help a needy person, it means if you are giving the donation in form of money then you are eligible…
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Highlights of Budget 2019 1. Within 2 years, Tax assessment will be done electronically 2. IT returns processing in just 24 hours 3. Minimum 14% revenue of GST to states by Central Govt. 4. Custom duty has abolished from 36…
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