1.0Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investmentshttps://www.antworksmoney.com/blogTeam Antworkshttps://www.antworksmoney.com/blog/author/admin-2/rich600338<blockquote class="wp-embedded-content" data-secret="BLpaQELmoB"><a href="https://www.antworksmoney.com/blog/section-44ad-income-tax-act/">Section 44AD of Income Tax Act</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.antworksmoney.com/blog/section-44ad-income-tax-act/embed/#?secret=BLpaQELmoB" width="600" height="338" title="“Section 44AD of Income Tax Act” — Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments" data-secret="BLpaQELmoB" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /* <![CDATA[ */ /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); /* ]]> */ </script> Section 44AD of the Income Tax Act offers respite to small business holders, through the Presumptive Taxation Scheme. The main benefit of the scheme is that an assessee falling under Section 44AD does not have to maintain records of transactions and accounts or undergo audit of accounts. Eligibility Criteria to get Benefits under Section 44AD The following … Continue reading ""