The Presumptive Taxation Scheme (PTS) under the Income Tax Act, 1961 is a major relief for small businesses, professionals, and freelancers who want to avoid complex..
Tag: Presumptive Income
Presumptive Tax 44AD vs 44ADA: Turnover Limit ₹3 Cr Explained
For small businesses, freelancers, and professionals in India, the presumptive taxation schemes under Section 44AD and Section 44ADA provide a simple, low-compliance way to file taxes..