AY 2021-22: Section 44AD of Income Tax Act- Presumptive Scheme
Section 44AD aims to provide relief to small taxpayers, who conduct any kind of business, with the exception of those businesses as mentioned in section 44AE.
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Section 44AD
Section 44AD aims to provide relief to small taxpayers, who conduct any kind of business, with the exception of those businesses as mentioned in section 44AE.
The presumptive taxation scheme of section 44AD is designed to give relief to small taxpayers engaged in any business (except the business of plying, hiring or leasing of goods carriages referred to in section 44AE).
Books of accounts- Under Income Tax Act, you might have to maintain books of accounts. The Income Tax Act has specified the books of accounts that are required to be maintained for the purpose of Income Tax, the same has …
The presumptive taxation scheme of section 44AD is designed to give relief to small taxpayers engaged in any business (except the business of plying, hiring, or leasing of goods carriages referred to in section 44AE).