About: After the introduction of section 44AD of the Income Tax Act, section 44ADA was introduced from Financial Year 2016-17 to give relief to small professionals as well. Under this section, an assessee is neither required to main books of accounts U/S 44AA nor the audit of accounts U/S 44AB o…
Blog posts : "44ada"
Section 44ADA for professionals
PRESUMPTIVE TAXATION FOR PROFESSIONAL SERVICE PROVIDERS
Introduction:
With the start-up boom and globalization, lots of working professionals are getting into full time profession or on part-time basis.
Then the logical question arises, how the income will be taxed?
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2 blog posts