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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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 […]
Continue readingFiling Companies Income Tax Return Under Section 44AD
Filing the Companies Income Tax Return under Section 44AD is a streamlined process designed to simplify tax compliance for small businesses. Section 44AD, under the Income Tax Act, provides a presumptive taxation scheme that allows eligible businesses to declare their income at a prescribed rate, reducing the burden of maintaining […]
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