Tag Archives: section 44bbb income tax

Preventing misuse of presumptive schemes under section 44BB and section 44BBB

By | February 2, 2023

Preventing misuse of presumptive schemes under section 44BB and section 44BBB BUDGET 2023-24 MEMORANDUM EXPLAINING THE PROVISIONS IN THE FINANCE BILL, 2023 Section 44BB of the Act provides for presumptive scheme in the case of a non-resident  assessee who is engaged in the business of providing services or facilities in connection with, or supplying plant… Read More »