Key Topics Covered:

• INCOME TAX
• GST
• AUDIT..

Key Topics Covered:

• AUDIT
• INDIRECT TAX
• DIRECT TAX
• FEMA

Objectives:

• Definition.
• Position under Service Tax and VAT.
• Position under GST.
• Composite supply.
• Taxability of Works contract.
• Provisions relating to Input tax credit.

Introduction of Presumptive Taxation:

To reduce the burden of small business taxpayers from various tax compliances, Income Tax Act,1961 has introduced a Simplified Taxation System, widely known as “Presumptive Taxation”.

What is Presumptive Taxation?

?UnderPresumptive Taxation, the Income of the Assessee is computed on presumptive basis i.e. at prescribed percentage of the Gross Receipts and all the expenditure incurred by the Assessee related to business are presumed to be claimed.

Read more: PRESUMPTIVE TAXATION U/S 44ADA