what is the concept of section 44 AD of income tax.
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44 ad
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Hello Ravish
Sec 44AD of Income tax Act is applocable to assesses carring on business whosw gross turnover is not not more than 60 las . they are not required to maintain the books of accounts and can pay tax at the rate of 8% of the total turnover or gross receipts on presumptive basis.
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