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Immunity from audit u/s 44AD is not available in the first...

Immunity from audit u/s 44AD is not available in the first year of Business even if income is below the basic exemption limit! Presumptive taxation...

No restrictions on cash payment of Rs. 20,000/- per day if...

Though section 40A(3) bars payment of Rs. 20,000/- in cash, it may interestingly be note that section 40A(3) is not applicable if Assessee is...

40A(3) is not applicable if taxpayer is opting for presumptive taxation...

  Though section 40A(3) bars payment of Rs. 20,000/- in cash, it may interestingly be noted that section 40A(3) is not applicable if Assessee is...