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Presumptive Taxation – Section 44AD of Income Tax Act

Section 44AD is about the presumptive taxation scheme that was introduced in the Income Tax Act to reduce the tax load on the assessees whose turnover is less than INR 2 crores. If an assessee opts for paying tax on a presumptive basis, he/she claims that they do not maintain proper books of accounts and … Read morePresumptive Taxation – Section 44AD of Income Tax Act