Option taxation FY 2017-18

Budget 17-18: it is proposed to amend section 44AD of the Act to reduce the existing rate of deemed total income of 8% to 6% in respect of turnover or gross receipts received by an account payee cheque or account payee bank draft or use of electronic clearing system through a bank account - is it applicable for options ?

Yes, our beloved FM has reduced it to 6% and yes, it’s applicable for options also, enjoy!

And in 2019 elections also, please vote for Narendra Modil

Thanks! phir se ek baar modi sarkar.