Presumptive tax regime (which is also known as simplified tax regime) intends to reduce tax compliance difficulties, especially for low-income earners as well as Nano, Micro and Small ...

Again, the power of regu­lating the Presumptive Tax Regime (PTR) is vested in the Minister (probably Minister of Finance). The whole regime is described in one paragraph provision, without details on: ...

Under the presumptive taxation regime, the tax department presumes a certain proportion of the turnover as taxable income. Presumptive taxation is applicable to small businesses and professionals ...

2024 inter alia provided a presumptive taxation regime for non-residents, engaged in the business of operation of cruise ships. Further, an exemption has been provided for any income of a foreign ...

SWABI: The leaders of farmers said that passage of agriculture income tax bill by provincial assembly ... told the meeting that imposition of new taxes was a matter of surprise.

The world is facing an unprecedent challenge of incessant war, tepid economic activity and impeding fear of imposition of tariffs. Amidst these global challenge ...

As part of this exercise, changes to Sections 44AD and 44ADA of the Income Tax Act could be taken up. It is aimed at giving a boost to entrepreneurship and support innovation, while backing small ...

Ans. Prior to the proposed amendment, a non-resident or a foreign company was liable to tax as business income on the profits from this activity at the applicable rates. There was no separate scheme ...

The Finance Bill 2025 introduces a new provision under Section 44BBD of the Income-tax Act, aimed at promoting India’s ... Budget 2025: Scheme of presumptive taxation extended for non-resident ...

Finance Minister Nirmala Sitharaman announced a new presumptive taxation regime for non-residents providing services in India’s electronics manufacturing sector that experts said could significantly ...