The tribunal ruled that business income under section 44AD cannot be taxed using section 44ADA provisions. Presumptive schemes must be applied strictly as per ...

Many first-time F&O traders are confused about whether they need a tax audit when they report losses. Here’s an expert clarification on how Section 44AD and audit rules actually apply in such ...

But, some experts warn it may not be a blanket benefit available to all businesses and professionals eligible for presumptive taxation schemes. Presumptive taxationfor businesses and professionals is ...