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Presumptive Income
Business or professional income is classified into 3 categories 1. 44 AD 44 AD is Business Income with gross turnover less than Rs 2 crores. 2. 44 ADA 44 ADA is Professional income (i.e doctor,CA,consultant) with gross receipt less than Rs 50 lac ...
Foreign Income
Income earned in form of salary, house property capital gain or other sources from the foreign country. DTAA- (Double Tax Avoidance Agreement) It is an agreement signed between the two or more countries to help taxpayers avoid paying double taxes. ...
Sources of Income
Select your sources of income from the given options. We will decide your ITR as per the selections made by you.
What are the sources of interest income which should be reported in the Income tax return?
Investments like fixed deposits, savings account, post office schemes, recurring deposits earn interest income, which should be reported in one's income tax return.
What is the difference between the Gross Total Income and Total Income?
Gross Total Income (GTI) is the sum of all the incomes received by the taxpayer from various sources. Certain deductions stated under section 80C-80U are allowed by the I-T Act to reduce the taxpayer's taxable income. After deductions, the Total ...