No concession in payment of advance tax. Exact shall be compensated in four installments According to regular progress tax provisions
When the professionals claim their income to get under fifty% of their gross whole receipts and likewise if they exceed the the limit of gross receipt, then they cannot opt for presumptive taxation.
Segment 44ADA – Typical publications of accounts are for being managed and get them audited if income exceeds primary exemption Restrict.
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The composed down benefit (WDV) of assets for tax purposes shall be calculated as of your depreciation has become authorized each and every year. This WDV might be the worth from the asset for tax uses inside a scenario where by the asset is sold afterwards by the assessee.
The total range of candles lit about the menorah in the Jewish vacation of Chanukah, which commences on the 25th working day of your Hebrew month of Kislev and ends to the 2nd or the 3rd working day of Tevet.
Indeed. Should you owe much more than INR 10,000 in taxes for that fiscal 12 months, You must shell out progress tax. As an alternative to producing four payments in usual instances, you will need to pay advance tax on or right before March fifteenth more info When you've got chosen a presumptive taxation program under area 44AD or 44ADA.
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Will I be allowed any deduction for virtually any expenditure incurred for investments and insurance policies quality less than Portion 80C and 80D, if I go for presumptive taxation?
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For more in depth advice on safeguarding your SSN and how to proceed when you suspect a scam, consult the SSA's official resources. Financial institution FAQ's