Presumptive Taxation U/S 44AD Simplified Businesses have been grown over the period of time due to general growth of the economy and varied other reasons. But at the same time various numbers of business and service providers, irrespective of their area of operations, earning substantial income are outside the tax net as Presumptive Taxation.
Tag Archives: Income Tax updates
What happens if you miss the deadline to file tax returns? It’s the time when tax returns filing is a priority in every taxpayer’s mind. Individuals have salary income whose total income exceeds Five Lac are mandatory to file their income tax returns. Significant relief for e-filing for this category of taxpayers is no need to get a digital signature. […]