Can IT Freelancers/Professionals opt for Presumptive scheme of Income tax?

Presumptive scheme under Income tax is a popular scheme used by Businesses & Professionals. This scheme essentially reduces the burden of Income tax compliance on Micro & Small businesses & Professionals. Presumptive scheme for specified professionals was introduced in 2016.┬áPresumptive scheme allows the taxpayer to presume their income as a certain % of their Gross… Continue reading