Articles by Tag #incometax

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Understanding Total Taxable Income

Total taxable income is the amount on which an individual is liable to pay income tax after...

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Eligibility for ITR-4

1. Who is eligible to file ITR-4 for AY 2024–25? Who can file? A Resident Individual /...

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Section 44AD and Section 44ADA (Presumptive Taxation under Indian Income Tax Law)

1. Basic Difference between Section 44AD and Section 44ADA Section 44AD Applicable...

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Presumptive taxation scheme

Section 44AD is a presumptive taxation scheme in the Income Tax Act designed to simplify tax filing...

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Summary of Section 10 of the Income Tax Act, 1961

Section 10 of the Income Tax Act, 1961 provides various exemptions to reduce the income tax burden...

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Understanding Section 87A of the Income Tax Act in India

Section 87A of the Income Tax Act, 1961, is a provision that provides tax relief to individual...

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Understanding the Lock-In Period under Section 44AD and 44ADA

Understanding the Lock-In Period under Section 44AD When it comes to simplified tax...

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10 Key Points on Presumptive Taxation (Section 44AD & Section 44ADA)

Applicability Section 44AD: For resident Individuals, HUFs, and Partnership Firms (not LLPs)...

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