Tag Archives: Amendment of section 44AD of income tax

Tax on presumptive income @ 6% if sales through banking channel w.e.f AY 2017-18

By | February 4, 2017

Tax on presumptive income @ 6% if sales in Digital Mode w.e.f AY 2017-18 Summary :As per Finance Bill 2017 , w.e.f 01.04.2016 FY 2016-17 (AY 2017-18)  proposed that the presumptive income under Section 44AD of income tax act shall be deemed to be 6% (instead of 8%) in respect of amount received through banking channel during… Read More »