Many first-time F&O traders are confused about whether they need a tax audit when they report losses. Here’s an expert clarification on how Section 44AD and audit rules actually apply in such cases.

But, some experts warn it may not be a blanket benefit available to all businesses and professionals eligible for presumptive taxation schemes. Presumptive taxationfor businesses and professionals is ...

From social media influencers to script writers, advertising consultants, and digital marketing professionals, many new-age earners are now finding themselves in the crosshairs of the Income-tax (I-T) ...