Section 44ADA – Presumptive Tax Scheme for Professionals
India has a wide variety of businesses, and India's economy is strong. India is the world's fastest-growing major economy with its booming industries, including construction, automobile manufacturing, and mining production. India is also one of the largest importers and exporters in the world. With such a diverse range of businesses happening in India--and so many opportunities for success--it’s no wonder that there are some Indian professionals who have been successful enough to be considered “small” by Section 44ADA standards. What is section 44ADA? Section 44ADA provides a simple method of [...]