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Presumptive Taxation for Small Businesses and Professionals(Section 44AD/44ADA)Section 44AD: Presumptive Taxation for Small BusinessesOverview of Section 44AD Section 44AD of the Income Tax Act allows small businesses (with a turnover up to ₹2 crore) to opt for presumptive taxation. Under this section, a fixed percentage (6% for digital transactio..

Vivad Se Vishwas 2.0 - A Professional Overview of the Income Tax Dispute Resolution SchemeIn India, tax disputes have long been a source of complexity, burdening both taxpayers and the government. Often, these disputes result in long-lasting litigation, interest charges, penalties, and prolonged uncertainties. To address these concerns and expedite..

  क्या GST ने आपकी MSME की गति थाम रखी है? इस लेख में जानिए कैसे गुजरात के प्लास्टिक पैकेजिंग उद्यमी ने QRMP स्कीम अपनाकर नकदी प्रवाह सुधारा, और बिहार के फर्नीचर निर्माता ने ई‑इनवॉइसिंग से बड़े खरीदारों तक पहुंच बनाई। साथ ही पढ़ें सरल टिप्स जैसे Composition स्कीम का चयन और GSTR‑2B से ITC मिलान, तथा जानिए सरकार की प्रमुख पहलें—कंपोजिशन..

Settlement Commission's Authority to Grant Immunity – Sections 245C and 245H of the Income-tax Act, 1961 – Validity of the High Court's decision in affirming that the Settlement Commission should not have granted immunity under Section 245H without evidence of no wilful tax evasion by the assessee – HELD – The Supreme Court held that applications t..