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Section 44AD ITR filing: Which income you must disclose — and which need not be reported under the presumptive scheme

Section 44AD of the Income Tax Act allows small business owners to declare income on a presumptive basis without maintaining detailed books of accounts. However, opting for this scheme does not mean ...
Mint

Income-tax returns: Presumptive taxation scheme for businesses and freelancers explained — Top FAQs answered

ITR: The presumptive taxation scheme simplifies I-T compliance for small businesses, professionals, and freelancers by allowing them to declare income as a fixed percentage of turnover without ...
Tax Guru

Changing Section 68 to Section 69A Requires Hearing: ITAT Mumbai

ITAT Mumbai deletes ₹114.25 crore addition: no books for Section 68 and no Section 251(2) notice before CIT(A) substituted Section 69A.