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THE LEGENDARY SECTION 44ADA - A MASTER THREAD.
Presumptive scheme of tax
Under the presumptive scheme of taxation, profits are presumed at 50% of the gross receipts.
#remotework #44ADA #presumptivetaxation
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THE LEGENDARY SECTION 44ADA - A MASTER THREAD.
Presumptive scheme of tax
Under the presumptive scheme of taxation, profits are presumed at 50% of the gross receipts.
#remotework #44ADA #presumptivetaxation
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Eligible Assessees
Individual, HUF and Partnership resident in India.
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Individual, HUF and Partnership resident in India.
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Turnover Limit & Eligible professions
Professionals mentioned below, whose total gross receipts are less than INR 50 lakh in a year can avail benefit of the presumptive taxation scheme.
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Professionals mentioned below, whose total gross receipts are less than INR 50 lakh in a year can avail benefit of the presumptive taxation scheme.
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