Journal Blog - Presumptive Taxation for Small Businesses and Professionals (Section 44AD/44ADA) RSS Feed

Presumptive Taxation for Small Businesses and Professionals(Section 44AD/44ADA)Section 44AD: Presumptive Taxation for Small BusinessesOverview of Section 44AD Section 44AD of the Income Tax Act allows small businesses (with a turnover up to ₹2 crore) to opt for presumptive taxation. Under this section, a fixed percentage (6% for digital transactio..