Income Tax Saving Blog

IntroductionThese days' Mutual funds are being considered as one of the most popular and convenient investment option as it helps the individual to achieve his or her financial goal at the time of need. Generally, Mutual funds are termed as tax saving instruments. Inves...

Presumptive Taxation for BusinessesPresumptive Taxation for a business is provided under Section 44AD of the Income Tax Act, 1961. A business having a turnover not exceeding Rs. 2 crore can opt for presumptive taxation. The businesses can declare profits for non-digital transactions and...