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

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…

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Section 44AB: Tax Audit under Income Tax

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…

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