Tag Archives: Section 44AD rate reduced

Govt Reduced deemed profit rate under Section 44AD of Income tax from 8% to 6%

By | December 19, 2016

Government decides to reduce the existing rate of deemed profit under section 44AD of the Income Tax Act in respect of amounts/receipts through banking channel/digital means Under the existing provisions of section 44AD of the Income-tax Act, 1961 (the Act), in case of certain assesses (i.e. an individual, HUF or a partnership firm other than… Read More »