TMI BlogWhat is the manner of computation of taxable business income in case of a person adopting the presumptive taxation scheme of section 44AD?X X X X Extracts X X X X X X X X Extracts X X X X ..... requently Asked Questions (FAQs) - Income Tax - Manuals - Ans. In case of a person adopting the provisions of section 44AD , income will be computed on presumptive basis, i.e., @ 8% of the turno ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ill not be computed in normal manner as discussed in previous FAQ ( i.e., Turnover less Expense) but will be computed @ 8%/6% of the turnover. Income at higher rate, i.e., higher than 8% can b ..... X X X X Extracts X X X X X X X X Extracts X X X X
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