PRESUMPTIVE TAXATION:· The Concept of Presumptive Taxation was made to increase the taxability with Small Business.· Such business does not comes to purview Sec.44AB PARTICULARS SEC.44
AS-22: ACCOUNTING FOR TAXES ON INCOME Meaning and Glance to Its Recognition, Presentation & Disclosures. MEANING: Taxable income is calculated in accordance with tax laws. In some circumstances, the requirements of thes