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No, you won't be needed to maintain publications of account as soon as you go for presumptive taxation procedure.
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Will I be authorized any deduction for any expenditure incurred for investments and coverage top quality underneath Section 80C and 80D, if I choose presumptive taxation?
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Area 44ADA offers a straightforward way of taxation for tiny industry experts. Segment 44ADA provides a scheme of presumptive taxation for income and gains arising from professions pointed out less than Portion 44AA(one) on the Income Tax Act, 1961.
Most homes have some chance of pure disasters, and may be impacted by weather improve as a consequence of climbing temperatures and sea click here ranges.
In some cases the Tits team is considered a seventeenth non-stringent very simple group of Lie style, or perhaps a 27th sporadic team, which might yield a total of 45 classes of finite simple teams.
Lenders use your social safety variety to validate your id. It is significant that you choose to enter your legitimate social stability amount. Lenders will reject applicants whose data they can not confirm.
Portion 44ADA – Typical publications of accounts are to get maintained and obtain them audited if earnings exceeds primary exemption limit.
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