For small businesses and professionals, tax season can feel overwhelming, with countless forms, financial records, and compliance requirements. Sections 44AD and 44ADA of the Indian Income Tax Act offer a simplified route through presumptive taxation—an approach that saves time and effort while making tax compliance more accessible. This guide will […]
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The new limit for the presumptive taxation for the AY 2024 25 is about 44AD & 44ADA.
This is Good News for all the Small Businesses and Professionals to Increase the Turnover Limits for Presumptive Taxation Scheme (AY 2024-25). The Indian government, in the Budget 2023, introduced some good changes for small businesses and professionals opting for the presumptive taxation scheme under sections 44AD & 44ADA. In […]
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