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If a person adopts the presumptive taxation scheme of section 44AE, then is he required to maintain books of account as per section 44AA?

Date of publishing Mar 01, 2019
Author CA Admin,

Article added in Income Tax 0 views

As per the presumptive taxation scheme of section 44AE, income of a taxpayer will be computed at the rate of Rs. 7,500 per goods vehicle per month or Rs. 1000 per ton of gross vehicle weight per month and in such a case can the taxpayer claim any further

Date of publishing Mar 28, 2019
Author CA Admin,

Article added in Income Tax 0 views

Can a person who owns more than 10 goods vehicles adopt the presumptive taxation scheme of section 44AE?

Date of publishing Feb 27, 2019
Author CA Admin,

Article added in Income Tax 0 views

Who is eligible to take advantage of the presumptive taxation scheme of section 44AE and which business is eligible for the presumptive taxation scheme of section 44AE?

Date of publishing Feb 26, 2019
Author CA Admin,

Article added in Income Tax 0 views

For whom the presumptive taxation scheme of section 44AE is designed?

Date of publishing Feb 26, 2019
Author CA Admin,

Article added in Income Tax 0 views

What provision will apply if a person opt for the presumptive taxation scheme of section 44ADA and declares his income from profession at lower rate (i.e. less than 50%)?

Date of publishing Feb 25, 2019
Author CA Admin,

Article added in Income Tax 0 views

If a person adopts the presumptive taxation scheme of section 44ADA, then he is required to maintain books of account as per section 44AA?

Date of publishing Feb 23, 2019
Author CA Admin,

Article added in Income Tax 0 views

If a person adopts the presumptive taxation scheme of section 44ADA, then is he liable to pay advance tax in respect of income from profession covered under section 44ADA?

Date of publishing Feb 22, 2019
Author CA Admin,

Article added in Income Tax 0 views

Can a person who adopts the presumptive taxation scheme of section 44ADA claim any further deduction of expenses after declaring profit @ 50% of gross receipts?

Date of publishing Feb 22, 2019
Author CA Admin,

Article added in Income Tax 0 views

Who is eligible to take advantage of the presumptive taxation scheme of section 44ADA?

Date of publishing Feb 20, 2019
Author CA Admin,

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