Tag Archives: section 44ada of income tax act

Income Tax on Presumptive Basis u/s 44AD, 44ADA and 44AE [ FA2018]

By | June 6, 2018

TAX ON PRESUMPTIVE BASIS IN CASE OF CERTAIN ELIGIBLE BUSINESSES OR PROFESSIONS UNDER INCOME TAX [As amended by Finance Act, 2018] To give relief to small taxpayers from the tedious job of maintenance of books of account and from getting the accounts audited, the Income-tax Act has framed the presumptive taxation scheme under sections 44AD… Read More »

Section 44ADA of Income tax Act : Special provision for computing profits and gains of profession on presumptive basis.

By | April 1, 2017

 Section 44ADA of Income tax Act  Summary of Section 44ADA of Income tax Act  Section 44ADA of Income tax Act  Inserted by the Finance Act, 2016, w.e.f. 1-4-2017. we have discussed Commentary on Section 44ADA of Income tax Act  Section 44ADA of Income tax Act 1[Special provision for computing profits and gains of profession on presumptive… Read More »