Section 44ADA: Presumptive Taxation Scheme for Professionals
SECTION 44ADA- PRESUMPTIVE TAXATION SCHEME FOR PROFESSIONALS Section 44ADA was inserted after Section 44AD of Income Tax Act, 1961 with the effect from the financial year 2016-2017. This section provides special provisions for computing profits and gains of profession on a presumptive basis. The Presumptive Taxation Scheme is inserted to give relaxation to all small … Read more