The 44 cash Diaries

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To the extent this raises the strain on personal fairness money to capitulate, chopping pricetags to receive property out the doorway, it's going to harm extended-expression efficiency — whatever the measure utilized To guage it.

Sure, you'll be able to opt each Portion 44AD and Segment 44ADA alongside one another, For those who have profits from organization and also specified gurus.

In the above case, Mr Ram can opt for presumptive taxation In case the tax is paid out on fifty% of gross receipts. As a result, Ram can decide to spend tax underneath the presumptive scheme of taxation less than section 44ADA. 

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six% of total turnover or gross receipts of the tax yr acquired by account payee cheque/bank draft, ECS via checking account on or prior to due day of filing the return of money

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Will I be permitted any deduction for just about any expenditure incurred for investments and insurance top quality beneath Part 80C and 80D, if I go for presumptive taxation?

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In spite of opting for presumptive plan below segment 44ADA, taxpayer can assert portion 80 tax preserving deductions and investments.

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