Mohit Shah

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2026-01-03 11:08:57 -

Section 44AD Presumptive Taxation | Mohit S. Shah & Co

Section 44AD presumptive taxation provides a simplified method of income calculation for eligible small businesses in India. Under Section 44AD, taxpayers can declare profits at a prescribed rate, reducing detailed bookkeeping requirements. This provision helps ease ITR filing for small businesses in India by lowering compliance complexity while ensuring adherence to income tax laws.
https://www.msshahco.in/blog/section-44ad-presumptive-taxation-for-small-businesses/

Section 44AD Presumptive Taxation | Mohit S. Shah & Co Section 44AD presumptive taxation provides a simplified method of income calculation for eligible small businesses in India. Under Section 44AD, taxpayers can declare profits at a prescribed rate, reducing detailed bookkeeping requirements. This provision helps ease ITR filing for small businesses in India by lowering compliance complexity while ensuring adherence to income tax laws. https://www.msshahco.in/blog/section-44ad-presumptive-taxation-for-small-businesses/

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2025-12-30 16:31:44 -

TDS on Sale of Immovable Property | Section 194IA Guide
The sale and purchase of immovable property in India involves several tax and compliance obligations under the Income-tax Act, 1961. One of the most important among these is TDS on sale of immovable property. This provision was introduced to ensure better reporting of high-value property transactions and to bring...

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2025-12-30 16:06:02 -

Mandatory ITR Filling in India | Mohit S. Shah & Co

Mandatory ITR filling in India is an essential compliance requirement under income tax laws. This overview explains why itr filling is mandatory for individuals and businesses, key eligibility conditions, due dates, and documentation. It also outlines the benefits of income tax return filling, including legal compliance, financial record maintenance, loss carry forward, and improved financial credibility.
https://www.msshahco.in/blog/cases-where-itr-filing-is-mandatory/

Mandatory ITR Filling in India | Mohit S. Shah & Co Mandatory ITR filling in India is an essential compliance requirement under income tax laws. This overview explains why itr filling is mandatory for individuals and businesses, key eligibility conditions, due dates, and documentation. It also outlines the benefits of income tax return filling, including legal compliance, financial record maintenance, loss carry forward, and improved financial credibility. https://www.msshahco.in/blog/cases-where-itr-filing-is-mandatory/

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2025-12-30 14:38:08 -

Taxation of Foreign Shares in India: An Informational Overview
Global investing has become more common for Indian residents due to easier access to international stock markets, employee stock option plans of foreign companies, and overseas mutual funds. While holding foreign assets is permitted under Indian regulations, the taxation of foreign shares in India involves specific...

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Mohit Shah added new article
2025-12-22 12:58:44 -

TDS for Businesses Professionals | Mohit S. Shah & Co
Tax Deducted at Source (TDS) is an important mechanism under the Indian Income Tax Act, 1961, designed to ensure regular collection of tax at the time of income generation. For businesses and professionals, understanding TDS provisions is essential to meet statutory obligations and avoid compliance issues. This article...

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Mohit Shah added new article
2025-12-22 12:14:03 -

TDS for Businesses Professionals | Mohit S. Shah & Co
Section 44AD of the Income Tax Act, 1961 introduces the concept of presumptive taxation for eligible taxpayers. The objective of this provision is to simplify tax compliance for small businesses by reducing the burden of maintaining detailed books of accounts and undergoing tax audits. Section 44AD presumptive taxation...

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Mohit Shah added new article
2025-12-22 09:56:30 -

Section 44AD Presumptive Taxation | Mohit S. Shah & Co
Section 44AD of the Income Tax Act, 1961 introduces the concept of presumptive taxation for eligible taxpayers. The objective of this provision is to simplify tax compliance for small businesses by reducing the burden of maintaining detailed books of accounts and undergoing tax audits. Section 44AD presumptive taxation...

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Mohit Shah added new article
2025-12-22 09:04:42 -

TDS On Sale Of Immovable Property | Mohit S. Shah & Co
The sale and purchase of immovable property in India involve several tax and compliance requirements under the income tax act. One of the most important provisions introduced to improve compliance is TDS on sale of immovable property. This mechanism plays a key role in monitoring high-value property transactions and...

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Mohit Shah added new article
2025-12-17 12:59:31 -

Mandatory ITR Filling in India | Mohit S. Shah & Co
Income Tax Return (ITR) filing is an important legal requirement under Indian tax laws. Every year, the Income Tax Department specifies who is required to file an income tax return and under what conditions. Over time, the scope of mandatory itr filling in India has expanded to include not only individuals with taxable...

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Mohit Shah added new article
2025-12-09 11:32:28 -

GST Registration in India | Mohit S. Shah & Co
Goods and Services Tax (GST) has become the central indirect tax structure in India, replacing multiple earlier taxes such as VAT, service tax, and excise duty. Since its introduction, GST has aimed to create a unified and transparent taxation system across the country. Understanding GST registration in India is...

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