presumptive tax

   Presumptive Taxation under Section 44AD of Income Tax, 1961   Applicability:  Eligible assessee engaged in an eligible business Eligible assessee means: o Resident  individual, HUF, firm other than LLP , and o  who has not claimed deduction under any of the sections 10A, 10AA, 10B, 10BA or deduction under any provisions of Chapter VIA under the heading “C. – Deductions in … Read more