Comments on: Presumptive Income Tax Scheme under 44AD, 44ADA and 44ADE https://blog.taxvic.com/presumptive-income-tax-scheme-44ad-44ada-and-44ade/ Income Tax Consultants for Individuals & Businesses Sat, 22 Jun 2024 07:36:56 +0000 hourly 1 https://wordpress.org/?v=6.3.3 By: Section 44AB: Tax Audit under Income Tax https://blog.taxvic.com/presumptive-income-tax-scheme-44ad-44ada-and-44ade/#comment-371 Mon, 28 Aug 2023 09:48:30 +0000 https://blog.taxvic.com/?p=189#comment-371 […] Read more on Presumptive taxation. […]

]]> By: Taxes & Compliances you must know about if you provide services outside India - TAX VIC https://blog.taxvic.com/presumptive-income-tax-scheme-44ad-44ada-and-44ade/#comment-369 Wed, 05 Apr 2023 10:52:28 +0000 https://blog.taxvic.com/?p=189#comment-369 […] The tax rates depend on the structure of your business/profession.  You may be an individual or you may have opened a company to operate and conduct your services providing business.Typically, is you being an individual freelancer who is selling services, you have the option to adopt 44ADA if your total receipts during the year is up to 75 lacs (Till FY 22-23 the limit was 50 lacs). Under 44ADA which is also called a presumptive taxation method, the profit is presumed to be 50% of the gross receipts, and taxes are calculated on this profit. You get to save taxes and the method is quite simpler when you adopt 44ADA. Read about 44ADA in detail here. […]

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