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Area 44ADA was introduced to increase the scheme of simplified presumptive taxation to specified professionals. Before, the presumptive plan of tax was obtainable only to compact businesses.
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However, to supply reduction to smaller taxpayers within the tiresome work of retaining books of account and obtaining them audited, revenue tax legislation has launched the notion of presumptive taxation scheme.
six% of complete turnover or gross receipts of a tax year received by account payee cheque/bank draft, ECS by means of checking account on or in advance of due date of submitting the return of revenue
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Most residences have some threat of normal disasters, and may be impacted by weather modify as a result of soaring temperatures and sea levels.
We’d advocate that you select to stay in female-only dorms at hostels. This is certainly a great way to meet other Gals inside a friendly, easygoing setting. You might even come up with a few mates out of it, as well.
Usually, someone carrying on business or job maintains books of accounts and prepares a harmony sheet and also a earnings or loss account to understand the economical posture of his company or job for any economical year.