Can presumptive taxation make business incomes up to  ₹2 crore tax-free?

Can presumptive taxation make business incomes up to ₹2 crore tax-free?

Source: Live Mint But, some experts warn it may not be a blanket benefit available to all businesses and professionals eligible for presumptive taxation schemes.   How does presumptive taxation work? Presumptive taxation for businesses and professionals is covered under Section 44AD and Section 44ADA, respectively.  Under Section 44AD, small businesses with a turnover of up to…

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New income tax norms, GST changes, UPI payment: List of new money rule changes that will affect your pocket from April 1 | Mint

New income tax norms, GST changes, UPI payment: List of new money rule changes that will affect your pocket from April 1 | Mint

Source: Live Mint Money rule changes from April 1 2025: March 2025 is coming to an end, ushering the beginning of a new financial year from April 1. The financial year 2025-26 will start from April 1, affecting citizens and taxpayers across India. New income tax rule changes, credit card rule change, UPI rule change…

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ITR filing 2025: How often can Indian taxpayers switch between new and old income tax regimes? | Mint

ITR filing 2025: How often can Indian taxpayers switch between new and old income tax regimes? | Mint

Source: Live Mint In India, taxpayers can choose between the old and new income tax regimes, each offering distinct benefits. However, this choice isn’t permanent and can be revisited annually. Whether you are a salaried employee or running a business, understanding how often you can switch between tax regimes is crucial for maximising your tax…

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