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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

Presumptive taxation scheme: What are the 3 sections and who can opt for them — key income rules explained

The 31 August deadline for filing ITR-4 for AY 2026-27 is approaching. Taxpayers with income from eligible businesses, professions, or goods-carriage operations can opt for the presumptive taxation ...
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

ITAT Surat Restores ₹10.08 Crore Cash Deposit Addition for Fresh Assessment

ITAT Surat remands ₹10.08 crore Section 69A cash deposit addition for fresh assessment, granting hearing opportunity subject ...