🔍 Unlocking the Benefits of Section 44AD 🔓✨ The Presumptive Taxation Scheme allows small businesses to calculate their income at a predetermined rate, thus simplifying tax filing. Such businesses aren't required to maintain detailed books of accounts resulting in saving time. This provision is a game-changer for budding business owners, as it provides a simpler compliance framework and an advantage of higher profit margins by claiming deductions up to 50% of the turnover. In case you run a sma

Section 44AD | Income Tax Act,1961 | CS EXECUTIVE- NEW SYLLABUS