Tag Archives: sections 44AE income tax

Income Tax on Presumptive Basis u/s 44AD, 44ADA and 44AE [ FA2018]

By | June 6, 2018

TAX ON PRESUMPTIVE BASIS IN CASE OF CERTAIN ELIGIBLE BUSINESSES OR PROFESSIONS UNDER INCOME TAX [As amended by Finance Act, 2018] 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… Read More »