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Part 44ADA was introduced to extend the scheme of simplified presumptive taxation to specified specialists. Earlier, the presumptive scheme of tax was readily available only to tiny businesses.
Part 44AE – Regular publications of account shall be taken care of and audit shall be performed irrespective of turnover or revenue.
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Presumptive taxation schemes To ease compact taxpayers are delivered beneath Segment 44AD, 44ADA and 44AE. Whilst Portion 44ADA is for industry experts Part 44AD and 44AE fears compact small business taxpayers. Let us comprehend them in detail.
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