Category Archives: Income Tax

Income Tax

Section 44 ADA – Presumptive Tax Scheme for Professionals

Section 44 ADA - Presumptive Tax Scheme for Professionals

Section 44 ADA: Presumptive Tax Scheme for Professionals. Difference Between Section 44AD & 44ADA, Presumptive Income Computation System for Professionals. Analysis of Section 44ADA of The Income Tax Act, 1961. Everything to know about Presumptive Taxation for Professionals. All About Section 44ADA. In this article we provide complete details for Section 44AD, as we all know, the section of Presumptive Income, […]

Cost of Inflation Index from FY 2017-18 or AY 2018-19 for Long Term

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Cost of Inflation Index from FY 2017-18 or AY 2018-19 for Long Term. Capital gain is the profit you make on selling an asset. It can be stock, real estate, mutual funds, jewellery etc. If you are selling an asset after one year from the date of its purchase, the profit becomes a short term capital […]