Tag: BusinessTaxTips

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Tax-Free Rate for a Company under Section 44AD and Section 44ADA of the Income Tax Act, India

Sections 44AD and 44ADA of the Income Tax Act, of 1961, offer a simplified taxation scheme for small businesses and professionals. These provisions aim to ease the compliance burden on small taxpayers by allowing them to declare income on a presumptive basis. Section 44AD: Presumptive Taxation for Small Businesses Section […]

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