44ADA: Special provision for computing profits and gains of Profession

Ashiwini Ballodia , Last updated: 12 September 2017  
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As the Finance Act, 2016 introduced new Section 44ADA for computation of profit of Profession on Presumptive basis. As I have seen many people who are unaware of this section and they are declaring their profit below the presumptive basis and their income exceeds the maximum amount not chargeable to

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Published by

Ashiwini Ballodia
(Managing Partner at TAXounting)
Category Income Tax   Report

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