Understanding the Special provisions of Presumptive Taxation Scheme (Soft Copy) is a Practice book on Income Tax on Conferenza, priced at ₹460 (18% off MRP ₹560). Published by Commercial Law Publishers. Order online with fast delivery across India.
- Price
- ₹460 · 18% off
- Course
- Practice
- Subject
- Income Tax
Understanding the Special provisions of Presumptive Taxation Scheme (Soft Copy)
Commercial Law Publishers
Book Specifications
- Course
- Practice
- Subject
- Income Tax
- Publisher
- Commercial Law Publishers
About this book
A guide to the presumptive taxation provisions of the Income-tax Act, the simplified income computation schemes for small businesses and professionals. This 2024 edition is updated as amended by the Finance Act, 2024.
At a glance
| Edition | 2024 edition |
| Author | Ram Dutt Sharma |
| Amended by | Finance Act, 2024 |
| Format | Soft copy |
What's inside
- Overview and objectives of the schemes under Sections 44AD, 44ADA and 44AE
- Eligibility conditions for residents, non-residents, individuals, HUFs, firms and LLPs
- Turnover and receipts thresholds, restrictions on deductions, and deemed profit percentages
- Maintenance of books of account, including exemptions and requirements
- Advance tax provisions and the implications of opting in or out of a scheme
- Partners' remuneration and interest in firms, and provisions for transporters, small professionals and non-residents
Who should buy this
- Tax practitioners advising small businesses and professionals on scheme eligibility
- Taxpayers deciding whether to opt into presumptive taxation
- Students studying the special provisions of the Income-tax Act
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 (Soft Copy)?+
A guide to the presumptive taxation provisions of the Income-tax Act, the simplified income computation schemes for small businesses and professionals. This 2024 edition is updated as amended by the Finance Act, 2024. At a glance Edition 2024 edition Author Ram Dutt Sharma Amende
How much does Understanding the Special provisions of Presumptive Taxation Scheme (Soft Copy) cost?+
Understanding the Special provisions of Presumptive Taxation Scheme (Soft Copy) is available for ₹460 (MRP ₹560) on Conferenza, with fast delivery.
Which exam is Understanding the Special provisions of Presumptive Taxation Scheme (Soft Copy) for?+
Practice — Income Tax.
Is Understanding the Special provisions of Presumptive Taxation Scheme (Soft Copy) good for self-study of Income Tax?+
Understanding the Special provisions of Presumptive Taxation Scheme (Soft Copy) 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 (Soft Copy) 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 (Soft Copy) available as a free PDF download?+
Understanding the Special provisions of Presumptive Taxation Scheme (Soft Copy) 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.