https://www.taxtmi.com/acts?id=41193 Amendment to section 44AD increases the turnover eligibility ceiling for the presumptive taxation scheme where cash receipts do not exceed five per cent of total turnover or gross receipts, and treats cheques or bank drafts that are not account payee as cash receipts for that purpose; the change takes effect from 1 April 2024 and applies to subsequent assessment years. en-us Wed, 01 Feb 2023 15:34:08 +0530 Wed, 01 Feb 2023 15:34:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41193 Amendment to section 44AD increases the turnover eligibility ceiling for the presumptive taxation scheme where cash receipts do not exceed five per cent of total turnover or gross receipts, and treats cheques or bank drafts that are not account payee as cash receipts for that purpose; the change takes effect from 1 April 2024 and applies to subsequent assessment years. Act-Rules Bill Wed, 01 Feb 2023 15:34:08 +0530 https://www.taxtmi.com/acts?id=41193