Tag: Reduction in Existing Rate of Deemed Profit u/s 44AD

Govt. decides to Reduction in Existing Rate of Deemed Profit u/s 44AD from 8% to 6% in respect of amounts/receipts through banking channel/digital CBDT Press Release dated 19-12-2016: Under the existing provisions of section 44AD of the Income-tax Act, 1961 (the Act), in case of … Continue Reading →

Govt. decides to Reduction in Existing Rate of Deemed Profit u/s 44AD from 8% to 6% in respect of amounts/receipts through banking channel/digital CBDT Press Release dated 19-12-2016: Under the existing provisions of section 44AD of the Income-tax Act, 1961 (the Act), in case of … Continue Reading →