Niti Aayog proposes Presumptive Taxation for Foreign Companies
Why in the News? NITI Aayog has released a working paper recommending the introduction of an optional presumptive taxation scheme for foreign companies operating in India. What is Presumptive Taxation? Overview: Presumptive taxation allows taxpayers to declare income at a fixed percentage (presumed rate) of total turnover or receipts without maintaining detailed books of accounts.… Continue reading Niti Aayog proposes Presumptive Taxation for Foreign Companies

