Key Topics Covered:

• INCOME TAX
• GST
• AUDIT..

This article is contributed by Partners of SBS and Company LLP – Chartered Accountant Company You can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it.

Key Topics Covered:

• AUDIT
• INDIRECT TAX
• DIRECT TAX
• FEMA

This article is contributed by Partners of SBS and Company LLP - Chartered Accountant Company. You can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it.

Objectives:

• Definition.
• Position under Service Tax and VAT.
• Position under GST.
• Composite supply.
• Taxability of Works contract.
• Provisions relating to Input tax credit.

This article is contributed by Partners of SBS and Company LLP - Chartered Accountant Company. You can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it.

Introduction of Presumptive Taxation:

To reduce the burden of small business taxpayers from various tax compliances, Income Tax Act,1961 has introduced a Simplified Taxation System, widely known as “Presumptive Taxation”.

What is Presumptive Taxation?

?UnderPresumptive Taxation, the Income of the Assessee is computed on presumptive basis i.e. at prescribed percentage of the Gross Receipts and all the expenditure incurred by the Assessee related to business are presumed to be claimed.

Read more: PRESUMPTIVE TAXATION U/S 44ADA