Section 44AD Presumptive Taxation Scheme: 6% vs 8% Profit & ₹3 Crore Limit Guide
Exhaustive practical guide to the Section 44AD Presumptive Taxation Scheme for small businesses. Master the 6% digital vs 8% cash turnover deemed profit formula, the enhanced ₹3 Crore turnover threshold under Finance Act 2023, exemption from maintenance of books (Section 44AA) and tax audit (Section 44AB), the 5-year lock-in penalty rule (Section 44AD(4)), and filing ITR-4 Sugam.