5 Essential Elements For 44 cash
5 Essential Elements For 44 cash
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In the above situation, Mr Ram can select presumptive taxation Should the tax is paid out on 50% of gross receipts. Consequently, Ram can prefer to fork out tax under the presumptive scheme of taxation beneath part 44ADA.
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Presumptive taxation scheme lets the taxpayers declare their taxable money at a prescribed charge no matter precise revenue/gains and subsequently relieves them from your stress of maintaining regular books of account and obtaining the similar audited.
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