Learn Different Types Of Taxes Provisions And Assessment Practically Income Tax...

Apr 17 2015 4:01PM - Learn Different Types Of Taxes Provisions And Assessment Practically Income Tax...


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Learn Different Types Of Taxes Provisions And Assessment Practically
Income Tax
Provisions of section 44AD

Applicable to such resident assessee who is
an Individual,
Hindu Undivided Family and
Partnership Firm but not Limited Liability Partnership Firm.
Income will be computed on an estimated basis @ 8% of turnover or gross receipts of the eligible business for the previous year.