Presumptive Taxation :Terms and applicability of Sec: 44AD – 44ADA. for Business and Professionals Amendment of section 44AB. In section 44AB of the Income-tax Act, for the first proviso, the following proviso shall be substituted with effect from the 1st day of April, 2024, namely:–– “Provided that this section shall not apply to a person, … Read more
Taxation on Electronic Gold Receipt… Amendment in Section 2 for FY 2023 24. (hi) in the case of a capital asset, being–– (a) Electronic Gold Receipt issued in respect of gold deposited as referred to in clause (viid) of section 47, there shall be included the period for which such gold was held … Read more
Benefits for opting new personal tax regime (Section 115BAC) Welcome Patrons!!! Get your self ready for upcoming FY 2023-24. Understand the tax slabs and Plan your finance and save money wisely. Key Benefits to opt in new regime from 01.04.2023 Slab wise tax saving Comparison:- Income (Rs) FY 2022-23(Rs) FY 2023-24(Rs) … Read more