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What on earth click here is presumptive taxation? A presumptive taxation can be a program where a government assumes a certain percentage within your turnover/gross receipts as your taxable money irrespective of the expenses incurred.
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Area 44ADA is a Exclusive provision for calculating the taxable revenue for little pros in certain circumstances.
Right after choosing presumptive taxation, If the cash flow goes past the set limit then you have to Get the guides audited.
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Presumptive taxation plan allows the taxpayers declare their taxable earnings in a prescribed amount irrespective of true revenue/gains and in turn relieves them within the burden of preserving frequent publications of account and obtaining the exact same audited.
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