TaxTMI 
What is the manner of computation of taxable business income in case of a person adopting the presumptive taxation scheme of section 44AD?
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....requently Asked Questions (FAQs)<br>Income Tax<br>Ans. In case of a person adopting the provisions of section 44AD, income will be computed on presumptive basis, i.e., @ 8% of the turnover or gross re....