https://www.taxtmi.com/news?id=15803 Increase in the tax rebate under Section 87A and the deduction limit under Section 80GG provides targeted relief to lower income individuals and taxpayers living in rented accommodation. The presumptive taxation regime is broadened by raising the turnover threshold under Section 44AD to relieve many small businesses in the MSME sector from detailed bookkeeping and audit, and by extending presumptive taxation to eligible professionals with a prescribed profit presumption. en-us Mon, 29 Feb 2016 17:17:35 +0530 Mon, 29 Feb 2016 17:17:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15803 Increase in the tax rebate under Section 87A and the deduction limit under Section 80GG provides targeted relief to lower income individuals and taxpayers living in rented accommodation. The presumptive taxation regime is broadened by raising the turnover threshold under Section 44AD to relieve many small businesses in the MSME sector from detailed bookkeeping and audit, and by extending presumptive taxation to eligible professionals with a prescribed profit presumption. News - Mon, 29 Feb 2016 17:17:35 +0530 https://www.taxtmi.com/news?id=15803