Tag Archives: Section 44ADA

Presumptive taxation scheme for Professionals : section 44ADA

Presumptive taxation scheme for Professionals Presumptive taxation scheme for Professionals has been introduced in Section 44ADA of Income tax act by Finance Act 2016  Applicability of Presumptive taxation scheme for Professionals :- The scheme will apply to such resident assessee who is an individual, Hindu undivided family or partnership firm , Limited Liability partnership firm ,company,… Read More »