Understanding the Special provisions of Presumptive Taxation Scheme is a Practice book on Income Tax on Conferenza, priced at ₹556 (20% off MRP ₹695). Published by Commercial Law Publishers. Order online with fast delivery across India.
- Price
- ₹556 · 20% off
- Course
- Practice
- Subject
- Income Tax
Understanding the Special provisions of Presumptive Taxation Scheme
Commercial Law Publishers
Book Specifications
- Course
- Practice
- Subject
- Income Tax
- Publisher
- Commercial Law Publishers
About this book
The 2024 edition of Understanding the Special Provisions of Presumptive Taxation Scheme by Ram Dutt Sharma, as amended by the Finance Act, 2024. It explains the simplified income computation schemes available to small businesses and professionals, and who may use them.
At a glance
| Edition | 2024 edition |
| Author | Ram Dutt Sharma |
| Amended by | Finance Act, 2024 |
| Sections covered | Sections 44AD, 44ADA and 44AE |
| Publisher | Commercial Law Publishers |
What's inside
- Overview and objectives of the presumptive schemes under Sections 44AD, 44ADA and 44AE
- Eligibility for residents, non-residents, individuals, HUFs, firms and LLPs, with turnover and receipts thresholds and restrictions on deductions
- Method of computing income and the deemed profit percentages
- Maintenance of books of account, and the exemptions from doing so
- Advance tax implications of opting in or out, and the treatment of partners' remuneration and interest in firms
- Provisions for transporters, small professionals and non-resident taxpayers, with Finance Act, 2024 changes and judicial interpretations
Who should buy this
- Small businesses and professionals deciding whether to opt for presumptive taxation
- Chartered accountants and tax return preparers
- Students of direct taxation
Publisher's description
Understanding the Special provisions of Presumptive Taxation Scheme
This 2024 edition of Understanding the Special Provisions of Presumptive Taxation Scheme by Ram Dutt Sharma provides a comprehensive and practical explanation of the presumptive taxation provisions under the Indian Income-tax Act, as amended by the Finance Act, 2024. It serves as a ready reference for taxpayers, professionals, and students seeking clarity on simplified income computation schemes for small businesses and professionals.
The book discusses in detail the statutory framework, eligibility criteria, computation mechanisms, and compliance requirements for residents and non-residents opting for presumptive taxation. It addresses common practical issues and provides guidance for accurate application of the law in real-world scenarios.
The content covers:
• Overview and objectives of presumptive taxation schemes under Sections 44AD, 44ADA, and 44AE
• Eligibility conditions for different categories of taxpayers – residents, non-residents, individuals, HUFs, firms, and LLPs
• Turnover/receipts thresholds and restrictions on deductions
• Method of computing income and deemed profit percentages
• Maintenance of books of account – exemptions and requirements
• Advance tax provisions and implications of opting in or out of the scheme
• Treatment of partners’ remuneration and interest in the case of firms
• Provisions applicable to transporters, small professionals, and non-resident taxpayers
• Impact of amendments introduced by the Finance Act, 2024
• Judicial interpretations clarifying contentious issues
• Practical illustrations and computation examples for better understanding
• Compliance checklists and procedural guidance for filing returns under presumptive schemes
This edition is particularly useful for:
• Chartered accountants, tax consultants, and finance professionals advising small businesses and professionals
• Small business owners and independent professionals seeking simplified tax compliance
• Non-residents with eligible Indian-source income under presumptive provisions
• Tax officials, academicians, and students of taxation law
With its blend of statutory analysis, practical examples, and compliance tools, Understanding the Special Provisions of Presumptive Taxation Scheme is an indispensable guide for anyone navigating the simplified taxation options available under the Indian Income Tax Law.
Frequently asked questions
What is Understanding the Special provisions of Presumptive Taxation Scheme?+
The 2024 edition of Understanding the Special Provisions of Presumptive Taxation Scheme by Ram Dutt Sharma, as amended by the Finance Act, 2024. It explains the simplified income computation schemes available to small businesses and professionals, and who may use them. At a glanc
How much does Understanding the Special provisions of Presumptive Taxation Scheme cost?+
Understanding the Special provisions of Presumptive Taxation Scheme is available for ₹556 (MRP ₹695) on Conferenza, with fast delivery.
Which exam is Understanding the Special provisions of Presumptive Taxation Scheme for?+
Practice — Income Tax.
Is Understanding the Special provisions of Presumptive Taxation Scheme good for self-study of Income Tax?+
Understanding the Special provisions of Presumptive Taxation Scheme is a Income Tax book for Practice, suitable for self-study and revision. Pair it with practice and past papers for complete exam preparation.
Which is the best book for Income Tax?+
There's no single "best" book for Income Tax — the right choice depends on the syllabus coverage you need, the author's approach, the edition and your budget. Understanding the Special provisions of Presumptive Taxation Scheme is one Practice option; compare it with other Income Tax books on Conferenza by edition, coverage and price to pick what suits your preparation.
Is Understanding the Special provisions of Presumptive Taxation Scheme available as a free PDF download?+
Understanding the Special provisions of Presumptive Taxation Scheme is a paid book on Conferenza, delivered fast across India. For free PDFs — study material, RTPs, MTPs and suggested answers — visit https://conferenza.in/downloads.