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Taxation Under The Scheme – Vat Act Margin Scheme

Di: Everly

SMEs (small and medium-sized enterprises) make up 99% of all businesses in the EU, making them an integral part of Europe’s economy. The European Union’s SME scheme,

What is Presumptive Taxation Scheme?

Tax rates are the same for all categories of Individuals, i.e. Individuals, Senior citizens, and Super senior citizens.; Rebate: Tax rebate up to Rs.25,000 is applicable if the

Presumptive Taxation Scheme for Business and Profession

Researchers and highly paid employees can apply to be taxed under the tax scheme for researchers. Employees registered under the scheme pay tax at a rate of 32.84% (27% plus

The Presumptive Taxation Scheme under Sections 44AD, 44ADA, and 44AE offers significant relief to small businesses and professionals by simplifying tax compliance. By

Rate of tax under composition scheme for service providers. A registered person being a service provider (or mixed supplier), whose aggregate turnover in the preceding

  • Tax scheme for researchers
  • EU VAT SME Scheme 2025: VAT Simplification for Small Sellers
  • Presumptive Taxation Scheme: All You Need to Understand
  • Presumptive Taxation Scheme: Meaning, Eligibility

Presumptive Scheme Under Section 44AD, 44ADA, 44AE

The Scheme of Presumptive Taxation for Professionals was introduced under Section 44ADA in the Finance Act 2016 and is applicable from Financial Year 2016-17

Basics. The Construction Industry Scheme (CIS) is a HMRC scheme which applies if you work for a contractor in the construction industry but not as an employee, so for example

Managing tax compliance can often be a complex and time-consuming task for professionals, especially those running small to medium-scale practices. To simplify tax filing

Among its provisions, Section 44AD outlines the Presumptive Taxation Scheme, which simplifies the tax calculation process for certain eligible taxpayers. This scheme aims to

Tax on Liberalised Remittance Scheme 2025. As per Budget 2025, the threshold limit for Tax Collected at Source (TCS) on foreign remittances under the Liberalised

Presumptive Taxation Scheme under Income Tax Act, 1961. Details of Presumptive Taxation Scheme . For small taxpayers the Income Tax Act has framed three presumptive taxation schemes as given below:

under this scheme can pay tax at a prescribed percentage of his turnover every quarter, instead of paying tax at normal rate. Q 2. What is the specified rate of composition levy? S. No. Category

Presumptive Taxation Scheme: Sections 44AD, 44ADA, and 44AE

Unlike pre-75 lump sums in excess of LSDBA the pension provider must deduct tax under PAYE. Often, where the beneficiary’s own tax coding is not available, this may involve

The government has earmarked Rs 18,233 crore for the RoDTEP export scheme in FY26. This will cover over 10,750 product categories. Benefits are restored for goods

(1) A taxation scheme shall be applied to the supply of moveable tangible goods within the meaning of § 1 paragraph 1 number 1 based on the following regulations (margin

Section 44AD for Businesses. The presumptive taxation scheme under these provisions can be opted for by the eligible assessee who is engaged in any business (except

As of 1 July 2021, new VAT rules on cross-border business-to-consumer (B2C) e-commerce are in place. The aim is to reduce barriers to cross-border online sales and address the challenges of distance sales and importing low-value

All double tax deduction claims under the “e-commerce campaign” activity require ESG’s approval. For each business, ESG will only approve such claims for e-commerce campaigns

The VAT e-commerce special schemes

ts of the taxpayer is deemed to be his taxable income. Presumptive taxation can be used for any tax that is based on normal accounting record, such as income tax, value added tax or sales

Section 44AD allows taxpayers to calculate profit as a percentage of their turnover i.e., 6% & 8% depending on the nature of receipts. Taxpayers engaged in any business of plying, hiring, and leasing referred to in section

The EU VAT SME scheme, coming into effect in January 2025, is part of the EU’s wider VAT reform aimed at supporting small enterprises and reducing administrative burdens

Chelsea are reportedly among three Premier League clubs being investigated for alleged exploitation of a tax scheme. As reported by The Times (via GOAL), Chelsea, Fulham

However, for assessees covered under section 44AD and section 44ADA (under presumptive taxation scheme) of the income-tax Act, 1961, are required to pay advance tax on or before 15th Mar. Other Important Provisions

Can the Union scheme be used for part of the supplies falling under the scheme? If a supplier or a deemed supplier decides to register for the Union scheme, he has to declare

Taxation under the scheme Employees who are covered by the special tax scheme can get a 27% tax rate + labour market contributions, a total of 32.84%, for a period of maximum 84