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If a person adopts the presumptive taxation scheme but he opts out from the scheme in any of the subsequent five years, then what are the consequences?

Date of publishing Feb 19, 2019
Author CA Admin,

Article added in Income Tax 0 views

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

Date of publishing Feb 18, 2019
Author CA Admin,

Article added in Income Tax 0 views

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

Date of publishing Feb 15, 2019
Author CA Admin,

Article added in Income Tax 0 views

As per the presumptive taxation scheme of section 44AD, income of a taxpayer will be computed @ 8%/6% of the turnover or gross receipt and from such income can the taxpayer claim any further deductions?

Date of publishing Feb 13, 2019
Author CA Admin,

Article added in Income Tax 0 views

What is the manner of computation of taxable business income in case of a person adopting the presumptive taxation scheme of section 44AD?

Date of publishing Feb 12, 2019
Author CA Admin,

Article added in Income Tax 0 views

What is the manner of computation of taxable business income under the normal provisions of the Income-tax Law, i.e., in case of a person not adopting the presumptive taxation scheme of section 44AD?

Date of publishing Feb 11, 2019
Author CA Admin,

Article added in Income Tax 0 views

Can a person whose total turnover or gross receipts for the year exceed Rs. 2,00,00,000 adopt the presumptive taxation scheme of section 44AD?

Date of publishing Jan 07, 2019
Author CA Admin,

Article added in Income Tax 0 views

Can a person engaged in a profession as prescribed under section 44AA(1) adopt the presumptive taxation scheme of section 44AD?

Date of publishing Jan 05, 2019
Author CA Admin,

Article added in Income Tax 0 views

Can an insurance agent adopt the presumptive taxation scheme of section 44AD?

Date of publishing Jan 04, 2019
Author CA Admin,

Article added in Income Tax 0 views

Which businesses are not eligible for presumptive taxation scheme?

Date of publishing Jan 03, 2019
Author CA Admin,

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