
TAX
Presumptive Tax Scheme in India – A Deep Dive
Presumptive Tax was first introduced in 1994 to estimate taxable income from the supply of labour for civil construction work or from construction businesses.
Presumptive Tax was first introduced in 1994 to estimate taxable income from the supply of labour for civil construction work or from construction businesses.
Key points that an individual/HUF needs to consider while claiming medical expenses in the income tax return.