What is the meaning of presumptive taxation scheme?

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..... dious work, the Income-tax Act has framed the presumptive taxation scheme under sections 44AD , sections 44ADA , sections 44AE ., Section 44BB and Section 44BBB A person adopting the presumptive taxation scheme can declare income at a prescribed rate and, in turn, is relieved from tedious job of maintenance of books of account. For small taxpayers, the Income-tax Act, 1961 has frame .....

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..... arriages, subject to certain conditions. Section 44B : Taxation of shipping profits derived by a person being a non-resident in India, subject to certain conditions. Section 44BB : Computation of taxable income of a person being a non-resident (may be an India citizen or a foreign citizen) from activities connected with exploration of mineral oils, subject to certain conditions. Secti .....

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