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  1. myITreturn Help Center
  2. FAQs
  3. Tax on Presumptive Taxation Scheme

Tax on Presumptive Taxation Scheme

  • What is the manner of computation of taxable business income under the normal provisions of the Income-tax Law, i.e., in case of a person not adopting the presumptive taxation scheme of section 44AD?​
  • Can a person whose total turnover or gross receipts for the year exceed Rs. 2,00,00,000 adopt the presumptive taxation scheme of section 44AD?​​​
  • Can a person engaged in a profession as prescribed under section 44AA(1) adopt the presumptive taxation scheme of section 44AD?
  • Can an insurance agent adopt the presumptive taxation scheme of section 44AD?
  • Which businesses are not eligible for presumptive taxation scheme?
  • Who is eligible to take advantage of the presumptive taxation scheme of section 44AD?​​​​​
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