1.75 CR के Business Income पर कोई टैक्स नहीं जाने कैसे | Financial coach

Financial coach describe no business income tax up to 1.75 Cr business income if your business income under the 1.75cr then this video sure for you must watch if you like must share this video to your friend circle ​Who is eligible to take advantage of the presumptive taxation scheme of section 44AD?| Who is eligible for get the benefit section 44AD| Can an Individaul declare his profit under section 44AD? ​​​​ The presumptive taxation scheme of section 44AD can be adopted by following persons : 1) Resident Individual 2) Resident Hindu Undivided Family 3) Resident Partnership Firm (not Limited Liability Partnership Firm) In other words, the scheme cannot be adopted by a non-resident and by any person other than an individual, a HUF or a partnership firm (not Limited Liability Partnership Firm). Further, this Scheme cannot be adopted by a person who has made any claim towards deductions under section 10A/10AA/10B/10BA or under sections 80HH to ​80RRB in the relevant year. ​ ​Which businesses are not eligible for presumptive taxation scheme? ​​​​ The scheme of section 44AD is designed to give relief to small taxpayers engaged in any business, except the following businesses: Business of plying, hiring or leasing goods carriages referred to in sections 44AE. A person who is carrying on any agency business. A person who is earning income in the nature of commission or brokerage Any business whose total turnover or gross receipts exceeds two crore rupees.​ Apart from above discussed businesses, a person carrying on profession as referred to in section 44AA(1) ​is not eligible for presumptive taxation scheme under section 44AD. #notax #incometax #CaHimanshu