About the Book :

Taxmann's Taxation of Small Business & Professionals A Guide to Presumptive Taxation Scheme under Sections 44AD, 44ADA & 44AE by CA. Srinivasan Anand G., 9789350719091.

Contents of the Book :

Division 1 : Section 44AD : Special Provision for Computing Profits and Gains of Business on Presumptive Basis

1. What is Presumptive Tax Regime under Section 44AD?
2. Who can Opt For the Sction 44AD Scheme ?
3. Can One Opt in and Opt Out of the Section 44AD Scheme at will?
4. What are the consequences of opting out of Section 44AD Before Availing For 6 Consecutive Years?
5. Are the Partnership Firms Availing section 44AD Entitled to Deduction under Section 40(b)?
6. What are the Compliances required by Assessee who Opts for section 44AD scheme.

Division 2 : Section 44ADA : Special Provision for Computing Profits and Gains of Business on Presumptive Basis

1. What is the Presumptive Tax Regime Applicable to Professionals under New Section 44ADA?
2. Who can Opt For the Presumptive Regime Applicable to Professionals u/s 44ADA ?
3. Can One freely opt In and Out of the Presumptive Regime Applicable to Professionals Under Section 44ADA?
4. What are the Implications of Opting in into Section 44ADA Regime?
5. What are the Implications of not Opting or opting out of Section 44ADA?
6. Are the Partnership Firms Availing section 44ADa Entitled to Deductions in respect of Interest/ Remuneration Paid to Partners?
7. What are the Compliances required by Assessees Opting for Section 44ADA?

Division 3 : Special Provision for Computing Profits and Gains of Business of Plying, Hiring or Leasing Goods Carriages

1. What is the Presumptive Tax Regime under Section 44AE?
2. What can Opt For the Presumptive Regime u/s 44AE?
3. Can One opt In and Out of the Section 44AE freely?
4. What are the Implications of Opting in into Section  44AE Regime?
5. What are the Implications of not Opting or opting out of Section 44AE?
6. Are the Partnership Firms/LLP Availing section 44AE Entitled to Deductions in respect of Interest/ Remuneration Paid to Partners?
7. What are the Compliances required by Assessees Opting for Section 44AE?

Appendices :

1. Relevant sections of Income Tax Act, 1961
2. Circular No. 684, dated 10-6-1994 (Relevant Extract)
3. Circular No. 5 dated 3-6-2010 (Relevant Extract)
4. Explanatory Memorandum to Finance Bill, 2016 (Relevant Extract)
5. Justice Easwar Committee Report (Relevant extracts)

About the Author :

CA. Srinivasan Anand G.