Sec 44aa income tax act 1961
Web15 Sep 2024 · Section 44AA (1) is clear that professional persons are required to keep and maintain such books which enables the Assessing Officer to compute his or her total … WebSection 44AE of Income tax act states that small business engaged in the business of plying, hiring or leasing goods carriages having not more than ten goods carriage vehicles, can adopt the Presumptive taxation scheme for ascertaining the taxable income for a particular financial year.
Sec 44aa income tax act 1961
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WebDelhi High Court ( in the case of CIT vs Brandix Mauritius Holdings Ltd ITA No 163/2024) upholds quashing of assessment order passed by the Delhi Bench of… Web17 Aug 2024 · Pramod Lele Vs ITO (ITAT Mumbai) 1. The expression ‘Technical Consultancy’ would with mean viewing of technically services by assessee. In their consi
WebTax Management India. Com Law and Practice : Digital eBook Research is most exciting & rewarding Web28 May 2024 · Section 44AA prescribes two categories of books of accounts and other documents:- Category A: Such books of accounts as may enable the Assessing Officer to …
Web4 Sep 2024 · Section 44AA of the Income Tax Act, is deals with the Maintenance of accounts by certain persons carrying on profession or business. In sub section 1 of … Web10 Mar 2024 · Section 44AA of the Income Tax Act, 1961 is one of the most important provisions for small business owners in India. This section lays down the rules for …
Web9 Apr 2011 · As per Income Tax Act, 1961 you can compute your income chargeable in accordance with either cash or mercantile system of accounting and this system should be regularly employed too. For doctors and other specified professionals, section 44AA of the Income Tax Act, 1961 require compulsory maintenance of books of accounts.
WebBuy Bharat’s A 360° Approach to Presumptive Taxation by CA. R. S. Kalra only at law-all.com. pss pinhaisWeb2024 (5) TMI 2141 - AT - Income Tax. Penalty u/s 271B - assessee has violated the provisions of Section 44AA as well as 44AB of the Act for not maintaining the regular books of accounts as well as audit of the same - HELD THAT:- It is pertinent to note that when the assessee did not maintain the regular books of account then the question of ... pss pnoise jitterWebNo need to maintain books of account as prescribed under section 44AA Section 44AA of the Income-tax Act, 1961 has provisions relating to maintenance of books of account by a person engaged in business/profession. Thus, a person engaged in business/profession has to maintain books of account of his business/profession according to the ... pss kostenWebI tax NOTES income tax notes basic rule income tax act 1961, which came into force from 1st april 1962. assesse assessment year 2(31): person previous year. Skip to document. … pss pension onlineWebTherefore, in my view the violation of section 44AA of the Act cannot continue because once it is found that assessee did not maintain the regular books of account then the said … pss pipeline supplyWeb1 Sep 2024 · It appears that in this background only, Section 44AA of “the Act” groups together legal, medical, architectural, accountancy, technical consultancy or interior decoration or any other profession as is notified for the purposes of … pss pinhais 2022Web11 Apr 2024 · Every person who earns income by any business or profession has to maintain his books of accounts & get a tax audit done. The main goal of a tax audit is ensuring that the details related to the income, expenditure & tax-deductible expenditure information are filed correctly by the business undergoing audit. Section 44AB of the Income Tax Act, … pss pipeline supply odessa tx