The presumptive scheme of taxation lowers the compliance load on smaller professions and facilitates relieve of doing business enterprise. Under the presumptive scheme of taxation, earnings/taxable cash flow is presumed at fifty% from the gross receipts.Complete advance tax can be paid out by last installment of progress tax i.e., 15 March of a 12
As a result the taxpayer can opt for that presumptive taxation scheme underneath segment 44ADA and also the taxable earnings chargeable is 50% of the full receipts. which, in our view, really should be answered within the negative. Article 2291, R. C. S. 1925, supplies that: "The clerk shall preserve a motion docket by which he shall enter every m
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