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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Presumptive taxation

Regulation & tax

A scheme letting eligible professionals and small businesses declare a fixed share of receipts as income without detailed books.

In plain terms

Section 44ADA at 50% of gross receipts for specified professionals; 44AD at 8%, or 6% for digitally received payments.

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Indian stock market glossary · Market Vidyalaya