2024年8月26日 · Understand presumptive taxation schemes under sections 44AD, 44ADA, and 44AE, including eligibility, computation, and maintenance requirements for small taxpayers.

6 天之前 · The concept of presumptive taxation allows eligible businesses and professionals to calculate their profits as a percentage of their turnover. This gave an opportunity to compute taxes in an easier manner and avoid various cost and time consuming processes which in …

4 天之前 · The new Income Tax Bill introduces significant changes to presumptive taxation under Section 58, which consolidates Sections 44AD, 44ADA, and 44AE of the Income Tax Act, 1961. 2. What is the proposed change? Section 58(4) of the new Income Tax Bill, disallows all deductions and loss set-offs against income computed presumptively.

What is Presumptive Taxation? Presumptive taxation scheme lets the taxpayers declare their taxable income at a prescribed rate irrespective of actual profit/gains and in turn relieves them from the burden of maintaining regular books of account and getting the same audited.

2022年6月10日 · 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, section 44ADA and section 44AE.

2025年2月14日 · The Income Tax Bill 2025 has provided much-needed clarity on presumptive taxation by ensuring that businesses and professionals declare income fairly. While this does not eliminate the benefits of the scheme, it ensures that those earning higher profits contribute their …

2025年2月3日 · What is Presumptive Taxation? A simplified tax scheme where income is calculated based on a presumed rate of profit rather than actual income. Designed to reduce compliance burden and simplify tax filing for small businesses and professionals.