Section 44ADA- Presumptive taxation scheme for assessees engaged in eligible profession

CA Santhosh Gupta Kethepalli , Last updated: 04 August 2020  
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(1) What is Section 44ADA? Scheme for presumptive taxation was introduced under section 44ADA from the F.Y.2016-17. Section 44ADA provides a simple method of taxation for Specified Small professionals. Earlier, the presumptive scheme of tax was applicable only for small businesses. The presumptiv

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Published by

CA Santhosh Gupta Kethepalli
(Chartered Accountant)
Category Income Tax   Report

2 Likes   18021 Views

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