Or declaring income lower than the deemed. A person carrying on business or profession under the provisions of section 44ad and sales/turnover exceeds rs 2 cr.
Learn about taxability under section 44ad of income tax act 1961. If the income declared is less than 50% of the gross receipts and the total income exceeds the maximum amount.
Section 44Ad Deals With Person Engaged In Business And Opting For Presumptive Taxation.
*the increase in limits is subject.
By Taxconcept March 11, 2024.
Detailed analysis for businesses and professionals, including turnover and presumptive.
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Sharma Says The Government Can Take A Few Steps To Reduce The Tax Burden.
All about tax audit under section 44ab for professionals or businesspersons.
Also, Know About Different Types Of Audits, Rules &Amp; Penalities.
Detailed analysis for businesses and professionals, including turnover and presumptive.
