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No, you will not be demanded to maintain textbooks of account as soon as you go for presumptive taxation program.
If the professionals assert their revenue to get a lot less than 50% in their gross overall receipts and likewise should they exceed the the Restrict of gross receipt, then they can't go for presumptive taxation.
Created down worth of property is often computed just as if depreciation is and has usually been claimed around the belongings
Our services only matches you with a lender – we are not informed with the phrases on the personal loan presented to you. If You're not comfortable with the loan conditions you're below no obligation to maneuver forward with the lender.
The lender will give you a document that outlines every one of the terms with the financial loan remaining made available. The information presented will involve the prices and fees that you will be answerable for.
Be aware: Any quantity paid out By means of advance tax on or before 31st working day of March shall even be addressed as progress tax paid in the monetary yr ending on that working day.
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Fast Bank loan Immediate highlights the value of an crisis fund and brief fiscal alternatives for quick needs.
Returns thirty-day refund/alternative 30-day refund/replacement This item could be returned in its first affliction for an entire refund or replacement within 30 times of receipt. It's possible you'll get a partial or no refund on used, damaged or materially different returns. Study comprehensive return plan
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In case of Portion 44AE, if taxpayer is usually a partnership company, salary and desire paid out to associates is allowed as deduction from prescribed profits over