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 ...

In order to facilitate sea cruise in India, Income Tax Department has prescribed conditions for non-resident to avail presumptive taxation regime. This is following budget announcement in July.

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

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.

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 ...

The Income-Tax Department's internal committee has received suggestions to simplify and restructure the old tax law, expanding schemes like presumptive taxation. A new Income Tax bill will be ...