đš New Indian Tax Regime đš
Great news for small businesses! No tax liability for businesses with turnover up to âč2 Cr under Indiaâs new tax regime. đźđłđ°
âȘïž #Budget2025 Update: Presumptive Taxation (Section 44AD)
đș Businesses with turnover up to âč2 crores can declare profits at a presumptive rate.
đș Digital transactions: 6% profit rate | Cash transactions: 8% profit rate.
đ Zero tax on âč2 crore turnover đ
đž Profit (6% of âč2 crore): âč12 lakh
đž After deductions, tax liability could be zero or minimal.
Is this a game-changer for small businesses? đ€đŒ #Budget2025 #TaxUpdates