Part 44AD – According to Area 44AD, the place a taxpayer opts for presumptive taxation scheme for virtually any in the money 12 months he is necessary to continue to choose for a similar for following 5 a long time. If he fails to do so, he will not be suitable to go for presumptive taxation plan u/s 44AD for five years succeeding the calendar ye
You will also be required to fork out fascination underneath Sections 234B and 234C if you do not pay back progress tax via the fiscal year's 15th of March.In case of Segment 44AE, if taxpayer is a partnership agency, wage and interest paid out to partners is allowed as deduction from prescribed money aboveZoning and land use information is furnish
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