https://www.taxtmi.com/news?id=17134 Amendment reduces the deemed profit rate under Section 44AD from eight percent to six percent for the portion of turnover received through banking channels or digital means for the specified fiscal year, applying to eligible small business assessees and creating a tax incentive to promote digital payments and a less cash economy. en-us Tue, 20 Dec 2016 17:32:31 +0530 Tue, 20 Dec 2016 17:32:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17134 Amendment reduces the deemed profit rate under Section 44AD from eight percent to six percent for the portion of turnover received through banking channels or digital means for the specified fiscal year, applying to eligible small business assessees and creating a tax incentive to promote digital payments and a less cash economy. News - Tue, 20 Dec 2016 17:32:31 +0530 https://www.taxtmi.com/news?id=17134