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Soon after choosing presumptive taxation, In case your income goes past the established limit then You should Get the books audited.
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When you are matched that has a lender, and your loan is accredited, the fascination premiums and fees that you'll incur during repayment will be supplied to you personally.
Presumptive taxation beneath Sec 44ADA simplifies tax calculation for modest pros. Portion 44ADA outlines procedures and benefits, with boundaries revised in Budget 2023.
In the above scenario, Mr Ram can select presumptive taxation Should the tax is paid on fifty% of gross receipts. Hence, Ram can decide to fork out tax under the presumptive plan of taxation under portion 44ADA.
Returns 30-working day refund/alternative 30-working day refund/substitution This item could be returned in its authentic problem for an entire refund or replacement within just 30 times of receipt. You could get a partial or no refund on made use of, harmed or materially various returns. Read through total return coverage
Speaking of which, look at how the cook is prepping the foods. Whenever they’ve got some excellent hygiene occurring, we say
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Prepared down value of belongings may be computed like depreciation is and has usually been claimed around the assets