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6% of full turnover or gross receipts of a tax 12 months received by account payee cheque/lender draft, ECS by way of checking account on or right before because of day of submitting the return of money
1. Chartered Accountant has to mention unique clause of Area 44AB in Variety 3CD , under which assessee is becoming audited. The same clause has to be described while building UDIN.
The pursuit continued alongside the twin carriageway until eventually the car was eventually brought into a managed quit by officers.
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Part 44ADA presents a straightforward means of taxation for little specialists. Portion 44ADA offers a scheme of presumptive taxation for profits and gains arising from professions described less than Section 44AA(one) on the Earnings Tax Act, 1961.
I'm a chartered accountant, perfectly-versed during the ins and outs of revenue tax, GST, and preserving the publications balanced. Figures are my issue, I can sift by means of money statements and tax codes with the very best of these. But you will find Yet another aspect to me – a aspect that thrives on words, not figures. Read much more
In spite of opting for presumptive scheme under section 44ADA, taxpayer can declare segment 80 tax saving deductions and investments.
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Experts outlined in the section pays tax on their gross receipts underneath portion 44ADA, and they might select this scheme only if their complete earnings would not exceed Rs.75 lakhs/fifty lakhs.
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