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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Simplifying Taxes with Sections 44AD and 44ADA: A Practical Guide for Small Businesses and Professionals
If you’re a small business owner or self-employed professional, you’ve likely felt overwhelmed by the paperwork and compliance demands that come with tax season. India’s Income Tax Act recognizes this struggle, and Sections 44AD and 44ADA offer a much-needed break. These sections introduce presumptive taxation schemes—a simplified way to handle […]
Continue readingA Complete Guide to Sections 44AD and 44ADA: Simplified Taxation for Small Businesses and Professionals
Navigating tax laws can be complicated, especially for small businesses and self-employed professionals who often lack the resources to maintain detailed accounts. To support this segment, the Indian Income Tax Act offers simplified tax filing through presumptive taxation schemes under Sections 44AD and 44ADA. These sections help eligible taxpayers save […]
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