MeghUpdates
February 10, 2025 at 03:21 PM
Zero Tax on Business Turnover up to ₹2 Crore! Under the new tax slab 🚀
📌 Presumptive Taxation (Sec 44AD): Businesses with digital transactions & turnover up to ₹2 Cr pay zero income tax.
💼 Who Benefits? Small businesses & MSMEs opting for digital payments.
💰 How? Profits assumed at 6% of turnover (instead of 8% for cash transactions), reducing taxable income.
✅ No Need for Audit: Simplifies tax filing & compliance.
📈 Boost to Digital Economy: Encourages cashless transactions & business growth
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