Professionals pointed out in the part pays tax on their own gross receipts under area 44ADA, and they could choose this scheme provided that their whole profits would not exceed Rs.75 lakhs/fifty lakhs.
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What is presumptive taxation? A presumptive taxation is actually a program in which a federal government assumes a specific share of one's turnover/gross receipts as your taxable cash flow regardless of the fees incurred.
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Entire advance check here tax can be paid out by last installment of advance tax i.e., fifteen March of the yr, in the event of failure to take action, interest is leviable @ 1% on shortfall According to Section 234C
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List your full offered profits including wages, retirement, investments, and rental Homes. You're not necessary to disclose revenue which is alimony, youngster help or individual maintenance Except you wish to use that money to qualify to get a bank loan.
When you default on the payments of one's bank loan you could be to blame for supplemental charges. At 44 cash we attempt to work with lenders that use honest and legal selection steps to rectify a financial loan which has not been repaid.
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