Tag Archives: Section 44ADA

Presumptive taxation U/s. 44AD, 44ADA, 44AE of Income Tax [FA 2019]

By | April 25, 2019
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TAX ON PRESUMPTIVE BASIS IN CASE OF CERTAIN ELIGIBLE BUSINESSES OR PROFESSIONS [As amended by Finance Act, 2019] This Article discusses about Meaning of presumptive taxation scheme, Presumptive Taxation Scheme of Section 44AD,  Section 44ADA, Section 44AE of Income Tax Act , For whom the presumptive taxation scheme of is designed?, Businesses not covered under… Read More »

Presumptive taxation scheme for Professionals : section 44ADA

By | May 19, 2016
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Presumptive taxation scheme for Professionals Presumptive taxation scheme for Professionals has been introduced in Section 44ADA of Income tax act by Finance Act 2016  Applicability of Presumptive taxation scheme for Professionals :- The scheme will apply to such resident assessee who is an individual, Hindu undivided family or partnership firm , Limited Liability partnership firm ,company,… Read More »