Section 44AD of the Income tax Act after Budget 16

| Last updated: 17 June 2016

SPECIAL PROVISIONS FOR COMPUTATION OF PROFIT AND GAIN OF BUSINESS ON PRESUMPTIVE BASIS (After Budget 2016) This section is nothing but provides a relaxation to the tax payers to declare income on presumptive basis, which should not be less than 8% of the gross turnover or gross receipt during
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MANSHI BAID

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