No concession in payment of advance tax. Very same shall be paid in 4 installments as per normal progress tax provisions
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In the above mentioned illustration, the full receipt is below the revised/greater presumptive limit of Rs. 75 lakh and also the cash receipt is lower than five% of the entire receipts.
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Specialists stated inside the portion can pay tax on their gross receipts underneath section 44ADA, and they could go for this plan only if their overall money won't exceed Rs.75 lakhs/50 lakhs.
You will also be necessary to pay fascination underneath Sections 234B and 234C If you don't fork out advance tax from the fiscal year's 15th of March.
Presumptive taxation plan lets the taxpayers declare their taxable income at a prescribed charge no matter true financial gain/gains and subsequently relieves them from the burden of protecting regular textbooks of account and getting the very same audited.
At times the Tits group is taken into account a seventeenth non-demanding straightforward team of Lie form, or simply a 27th sporadic group, which might yield a total of forty five lessons of finite straightforward teams.
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Let chat a tiny bit about Bangkok’s cash exchange scene in advance of stating places with the most beneficial costs.
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