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Part 44AE – Regular publications of account shall be managed and audit shall be completed no matter turnover or cash flow.

Presumptive taxation under Sec 44ADA simplifies tax calculation for compact pros. Segment 44ADA outlines policies and Gains, with restrictions revised in Budget 2023.

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Following opting for presumptive taxation, If the income goes further than the set limit then You will need to Obtain your guides audited.

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We call for your banking account data to confirm your id and allow lenders to deposit funds into your account if your personal loan ask for is authorised. Accurately giving your financial institution info makes certain that any transactions are directed to the correct account and enhances defense in opposition to fraudulent actions.

Will I be authorized any deduction for any expenditure incurred for investments and insurance policies high quality less than Portion 80C and 80D, if I go with presumptive taxation?

When you are matched by using a lender, and also your personal loan is authorized, the desire fees and charges that you will incur in the course of repayment will probably be delivered to you personally.

It is suggested that you simply diligently overview click here the terms in the bank loan in advance of relocating ahead. If you conform to the conditions, you're going to be directed to your site that could question for your personal e-signature.

On the face of it, shifting target in the direction of distributions to paid-in cash about inside charges of return is bewildering specified how improperly the marketplace is carrying out on the two.

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