https://www.taxtmi.com/manuals?id=4086 Presumptive taxation under section 44AD excludes businesses of plying, hiring or leasing goods carriages covered by section 44AE, agency businesses, income in the nature of commission or brokerage, and businesses whose total turnover or gross receipts exceed the statutory threshold; a higher turnover ceiling applies where cash receipts do not exceed five percent of turnover, and non-account-payee cheques or drafts count as cash for that test. Professionals under section 44AA(1) are also ineligible. en-us Mon, 25 Dec 2023 10:40:00 +0530 Wed, 10 Jan 2024 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4086 Presumptive taxation under section 44AD excludes businesses of plying, hiring or leasing goods carriages covered by section 44AE, agency businesses, income in the nature of commission or brokerage, and businesses whose total turnover or gross receipts exceed the statutory threshold; a higher turnover ceiling applies where cash receipts do not exceed five percent of turnover, and non-account-payee cheques or drafts count as cash for that test. Professionals under section 44AA(1) are also ineligible. Manuals Income Tax Mon, 25 Dec 2023 10:40:00 +0530 https://www.taxtmi.com/manuals?id=4086