"Profits-gains business on presumptive basis-Section 44AD” plus 1 more

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Profits-gains business on presumptive basis-Section 44AD Posted: 18 Jun 2010 08:04 PM PDT The existing provisions of the Income-tax Act provide for taxation of income on presumptive basis in the case of following businessconstruction business,(Section 44AD)  income from goods carriages (Section 44AE) and  business of retail trade.(Section 44AF) Section 44AD prescribes a method of presumptive taxation for assessee engaged in the business of civil... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Surcharge -Cess on TDS TDS rate on interest paid to domestic company. Posted: 18 Jun 2010 07:38 PM PDT Surcharge and cess on tax deducted at sources has been removed on payment made to resident except salary by Finance act (2) 2009 from 01.04.2009.Further TDS rates on Interest paid to domestic company has also been reduced to 10% from earlier 20 % .These instruction has been amended one year back ,yet there are many queries  on this blog ,like to whom surcharge is applicable ,on which payment... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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