Tag Archives: AY 2020-21

Income Tax Benefits for Small Businessmen in AY 2020-21 (FY 2019-20)

By | April 12, 2019

Income Tax Benefits for Small Businessmen in AY 2020-21 (FY 2019-20) [As amended by Finance Act, 2019] S.N. Particulars Section Benefits/Deductions allowed A. Presumptive Taxation Scheme 1. Computation of income from eligible business on presumptive basis under Section 44AD provided turnover or gross receipts of eligible business does not exceed Rs. 2 crore (Subject to certain conditions).… Read More »