Amendment of section 44AD. - computing profits and gains of ...

Bill

March 1, 2016

Amendment of section 44AD. - computing profits and gains of business on presumptive basis - where an assessee declares profit for any previous year in accordance with the provisions of this section and he declares profit for any of the five assessment years relevant to the previous year succeeding such previous year not in accordance with the provisions of sub-section (1), he shall not be eligible to claim the benefit of the provisions of this section for five assessment years subsequent to the assessment year relevant to the previous year in which the profit has not been declared in accordance with the provisions of sub-section (1).

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Amendment of section 44AD. - computing profits and gains of ...

Bill

March 1, 2016

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Insertion of new section 44ADA - Special provision for computing profits and gains of profession on presumptive basis. - a sum equal to fifty per cent. of the total...

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Additions towards Undisclosed profit from contract work and transport income - The tribunal found that the assumptions made by Ld. AO are without any basis, on the...

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Amendment of section 211. - It is further proposed that an eligible assessee in respect of eligible business referred to in section 44AD opting for computation of...

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