Section 44AD: Computation of Income on presumptive Basis

Ritik Chopra , Last updated: 28 August 2021  
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With effect from assessment year 2011-12, certain assessees engaged in a business are allowed to compute their business income on presumptive or estimated basis and thus, exempted from maintaining books of account as required u/s 44AA. In case assessee fulfills certain conditions as given below, the

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Ritik Chopra
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Category Income Tax   Report

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