Presumptive Taxation Scheme Archives

Section 58 Explained: Key Changes in Presumptive Taxation Under Budget 2025

Post author:TAXVIC
Post published:May 7, 2025
Post category:Presumptive Taxation Presumptive Taxation Scheme
Reading time:6 mins read

The Union Budget 2025 has introduced significant reforms in the presumptive taxation regime by proposing Section 58 in the Income Tax Act. This new section aims to consolidate and replace Sections…

Section 44AB: Tax Audit under Income Tax

Post author:TAXVIC
Post published:August 28, 2023
Post category:Chartered Accountant Audit Compliance and Regulations Financial Reporting Indian Tax Laws Legal Tax Procedures Presumptive Taxation Scheme Professional Tax Audit Section 44AB Tax Audit
Reading time:7 mins read

As tax season approaches, individuals and businesses must be familiar with the numerous requirements of the Income Tax Act in order to ensure compliance and avoid penalties. The obligation for…