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Providing an employer cell phone number considerably raises your chances of obtaining a loan. If you are on benefits, You should utilize the cell phone number of the government Office environment that gives your Gains. Enter Employer PhoneIn the above mentioned case, Mr Ram can go with presumptive taxation In case the tax is paid on 50% of gross receipts. For this reason, Ram can choose to pay back tax under the presumptive plan of taxation beneath portion 44ADA.
Segment 44ADA – Common textbooks of accounts are to become managed and obtain them audited if profits exceeds essential exemption limit.
A 44-calendar year-previous person has become billed with possessing legal residence, concealing prison home and getting into into an arrangement to acquire legal house.
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No, you will not be essential to maintain books of account once you go with presumptive taxation process.
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Whole progress tax might be paid out by final installment of progress tax i.e., fifteen March of the year, in case of failure to do so, interest is leviable @ 1% on shortfall According to Area 234C
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Segment 44AD – As per Segment 44AD, wherever a taxpayer opts for presumptive taxation scheme for just about any from the monetary year he is needed to carry click here on to decide for a similar for upcoming 5 years. If he fails to take action, he won't be qualified to go for presumptive taxation scheme u/s 44AD for 5 several years succeeding the yr during which he opts out. More, with respect to Those people 5 monetary decades exactly where taxpayer is ineligible to select presumptive taxation plan u/s 44AD, frequent textbooks of account need to be maintained and audit shall be done if whole revenue exceeds primary exemption Restrict.