Hi, this is Ravi. I have over three years of experience in accounting. Today, I’ll be explaining Section 194R in a detailed way Imagine you’re running a successful business. To keep things moving smoothly, you often reward your partners, dealers, or agents with perks like holiday trips, promotional gifts, or […]
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A Comprehensive Guide to Sections 44AB, 44AD, and 44ADA
For many small business owners and professionals, tax compliance can be a daunting task, filled with complex calculations and legal jargon. Fortunately, the Indian Income Tax Act has provisions that make tax compliance easier and more straightforward through presumptive taxation schemes. Sections 44AB, 44AD, and 44ADA specifically target small businesses […]
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