Presumptive Taxation |Income tax for MSMEs and Freelancers | FINBASICS|

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Fin Basics is the home to all your basic financial knowledge. We aim to bring about the solutions for all your basic financial problems and questions which we face in our everyday life in our very own native language.

In this video, we discuss the Income tax schemes u/s 44AD and 44ADA which are beneficial to small business owners.

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Note:
For 6% eligibility 95% of total receipts should be by way of A/c Payee Cheque and other electronic modes. For understanding purposes it is stated in the video that entire amount is to be received in bank.
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