Section 44AD – Presumptive Taxation
Eligible Assesse : Resident Individual/Resident HUF/ Resident Firm (excluding LLP) who has not claimed deduction u/s 10AA or 80IA to 80RRB Exceptions : This section is applicable for any Business except Sec. 44AE Business,Agency Business,Commission & Brokerage business; and Turnover/Gross Receipts is upto 2 crore. Note: Where the amounts received during the PY in cash…
