Income tax computation for service providers
This query is : Resolved
01 September 2021
Ours is a partnership firm, providing services like projects, trainings, Seminars, Workshops,Internships without maintaining books of accounts. how to compute income tax? under which section and percentage?
01 September 2021
Most of the services offered are professional, hence sec 44ADA will be applicable.
Under the presumptive assessment, minimum 50% of the turnover is offered to tax.
Under the presumptive assessment, minimum 50% of the turnover is offered to tax.
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