Details, Fiction and 44 cash
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Presumptive taxation schemes to relieve compact taxpayers are provided below Segment 44AD, 44ADA and 44AE. When Segment 44ADA is for industry experts Part 44AD and 44AE problems little organization taxpayers. Let us realize them in detail.
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Total advance tax may be paid by previous installment of progress tax i.e., 15 March of the 12 months, in case of failure to take action, curiosity is leviable @ 1% on shortfall According to Part 234C
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Money in the career is offered at a decrease charge than fifty% with the gross receipts (i.e., the fees to become claimed is over fifty% with the gross receipts) and the entire income is much more than The fundamental exemption.
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