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As per the presumptive taxation scheme of section 44AD, income of a taxpayer will be computed @ 8%/6% of the turnover or gross receipt and from such income can the taxpayer claim any further deductions?

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....?<br>FAQs on Tax on Presumptive Taxation Scheme - Income Tax - Frequently Asked Questions (FAQs)<br>Income Tax<br>Ans. Under the normal provisions of the Income-tax Law, taxable business income will b....

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....esumptive rate of 8%/6% will be the final taxable income of the business covered under the presumptive taxation scheme and no further expenses will be allowed or disallowed. However, the assessee can ....

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As per the presumptive taxation scheme of section 44AD, income of a taxpayer will be computed @ 8%/6% of the turnover or gross receipt and from such income can the taxpayer claim any further deductions?