Not known Factual Statements About 44 cash
Not known Factual Statements About 44 cash
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Even with opting for presumptive scheme less than portion 44ADA, taxpayer can assert part eighty tax saving deductions and investments.
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Portion 44ADA gives a simple way of taxation for tiny experts. Portion 44ADA offers a scheme of presumptive taxation for earnings and gains arising from professions pointed out below Part 44AA(1) from the Money Tax Act, 1961.
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Part 44ADA was released to extend the plan of simplified presumptive taxation to specified professionals. Earlier, the presumptive scheme of tax was offered only to small firms.
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