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Amendment of Section 44AD and 44ADA Budget 2023

Amendment of section 44AD Special provision for computing profits and gains of business on presumptive basis. In section 44AD of the Income-tax Act, in the Explanation, in clause (b), after sub-clause (ii), the following provisos shall be inserted. effect from the 1st day of April, 2024, namely:– ‘Provided that where the amount or aggregate of […]