44AD Full Guide
Section 44AD – A Practical Guide to Presumptive Taxation for Small Businesses Section 44AD – Presumptive Taxation for Small Businesses Book a Consultation On this page Overview Quick Facts Who Can / Cannot Opt Turnover Limits Presumptive Rates Compliance & Return 5-Year Rule Worked Example Should You Opt? FAQs Important Notes Contact What is Section 44AD? A simplified (“presumptive”) tax scheme for eligible resident businesses to declare income at a fixed percentage of turnover instead of maintaining detailed books and claiming actual expenses. Quick Facts Applicable to Resident Individual / HUF / Partnership Firm (non-LLP) ...