Computation of profits and gains of business on presumptive



Computation of profits and gains of business on presumptive basis- Section 44AD Section 44AD prescribes a method of presumptive taxation for assessees engaged in the business of civil construction or supply of labour for civil construction in which a sum equal to 8% of the gross receipts is deemed to be the profits and gains from business. There has been a substantial increase in small businesses with the growth of transport and communication and general growth of the economy. A large num
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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