Deduction of remuneration will not be allowed In case the firms income are taxed beneath the presumptive taxation part 44AD or 44ADA.
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In the above situation, Mr Ram can select presumptive taxation Should the tax is paid on 50% of gross receipts. Therefore, Ram can prefer to spend tax underneath the presumptive plan of taxation underneath section 44ADA.
If, in any attract, there are actually greater than seven prime prize winners and not less than one second prize winner, the two the top and more info next prizes might be pari-mutuel.
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6% of total turnover or gross receipts of the tax 12 months gained by account payee cheque/lender draft, ECS by checking account on or ahead of due date of submitting the return of revenue
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No, you will not be necessary to keep up guides of account once you go for presumptive taxation procedure.
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The pursuit ongoing along the dual carriageway until eventually the car was at some point introduced to your managed halt by officers.
Remember to critique the laws inside your condition to learn more concerning the implications of not repaying a payday financial loan.