Section 44AD

The presumptive taxation scheme available where turnover does not exceed ₹2 crore, taxing 6% of turnover with no deduction for expenses.

This one is not written up yet

The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.

Written up from the same chapter

Securities Transaction TaxA central government tax collected by the exchange on the sell side of every futures and option trade — 0.05% of futures traded value, 0.15% of option premium, and 0.15% of settlement price on exercise.

Where this is taught

Series VIII · Chapter 9: Accounting and Taxation

Free preparation for NISM Series VIII

Related terms

Securities Transaction TaxA central government tax collected by the exchange on the sell side of every futures and option trade — 0.05% of futures traded value, 0.15% of option premium, and 0.15% of settlement price on exercise.

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