Presumptive taxation less than Sec 44ADA simplifies tax calculation for tiny experts. Portion 44ADA outlines principles and Added benefits, with limits revised in Funds 2023.
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Part 44ADA was introduced to increase the plan of simplified presumptive taxation to specified gurus. Earlier, the presumptive plan of tax was offered only to modest enterprises.
A forty four-yr-previous guy has actually been charged with possessing prison property, concealing prison house and coming into into an arrangement to acquire felony residence.
Following opting for presumptive taxation, In case your profits goes beyond the set limit then you have to Get the textbooks audited.
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