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Professionals have also been added towards the ambit of presumptive taxation – examine below intimately. Nonetheless, the cut-off date of five a long time problem applies only to businesses.
Resident persons, HUFs and Partnership corporations that have not claimed exemptions under part 10A/ 10AA / 10B/ 10BA (deductions of gains derived in the export of content articles or items)
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A funds counting calculator may be used in several situations that need you to find a whole sum of money and can easily be utilized for any of the following:
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An assessee is liable to pay for his or her progress tax in only one installment on or ahead of the 15th of March of each fiscal year if they opts for presumptive taxation below Section 44AD. For almost any default in having to pay the progress tax , the assessee will likely be billed curiosity Portion 234C.