Presumptive Taxation Scheme for Business Section 44AD
Presumptive Taxation Scheme for Business Section 44AD of Income Tax Act Section 44AD of the Income Tax Act provides for a presumptive taxation scheme for businesses. Here are the key points regarding the Presumptive Taxation Scheme for Business under Section 44AD: Eligibility: The scheme is available to resident individuals, Hindu Undivided Families (HUFs), and partnership …