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Presumptive Taxation Scheme

Govt enhances presumptive taxation limit; a peek into how it will be beneficial for MSMEs, professionals

Govt enhances presumptive taxation limit; a peek into how it will be beneficial for MSMEs, professionals

Tue, Feb 21, 2023

Presumptive taxation scheme: The government extended the limit for presumptive tax for small businesses from Rs 2 crore to Rs 3 crore and for individual professionals from Rs 50 lakhs to Rs 75 lakhs.

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What is presumptive taxation and how it is beneficial for small businesses, professionals? Expert explains

What is presumptive taxation and how it is beneficial for small businesses, professionals? Expert explains

Tue, Feb 21, 2023

Presumptive tax: The government in the budget 2023 extended the limit for presumptive tax for small businesses from Rs 2 crore to Rs 3 crore and for individual professionals from Rs 50 lakhs to Rs 75 lakhs.

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Income Tax: Half of your income could be tax exempt if you are a professional

Income Tax: Half of your income could be tax exempt if you are a professional

Wed, May 17, 2017

Presumptive Taxation involves the use of indirect methods to compute tax liability, where the taxable income is calculated based on assumptions instead of actuals. 

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