Understanding the Special provisions of Presumptive Taxation Scheme

Understanding the Special Provisions of Presumptive Taxation Scheme is a focused legal guide that explains the simplified taxation framework designed for small businesses, professionals, and specified taxpayers under the Income-tax Act. The book offers a section-wise analysis of Sections 44AD, 44ADA, and 44AE, detailing eligibility criteria, presumptive income rates, and compliance obligations.

It discusses the rationale behind presumptive taxation, benefits of reduced compliance burden, and conditions for opting in or out of the scheme. The book also highlights practical issues such as maintenance of books, audit applicability, advance tax requirements, and consequences of non-compliance.

Written in a clear and structured manner, the publication bridges the gap between statutory provisions and real-world application. It serves as an essential reference for professionals advising small taxpayers as well as individuals seeking to adopt simplified taxation methods lawfully and efficiently.