Examine This Report on 44 cash
Examine This Report on 44 cash
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Extending the repayment conditions of a mortgage may result in extra interest compensated, along with late fees, which might enormously improve the complete quantity you fork out back again on a bank loan. Usually, loan renewal procedures are controlled through the condition authorities. Learn more about your states guidelines in regard to bank loan renewal, and punctiliously go through the lender’s phrases just before signing a bank loan contract.
Complete advance tax may be compensated by last installment of advance tax i.e., fifteen March of a 12 months, in the event of failure to take action, interest is leviable @ one% on shortfall According to Area 234C
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Exactly what is presumptive taxation? A presumptive taxation is usually a technique during which a government assumes a certain proportion of one's turnover/gross receipts as your taxable money regardless of the charges incurred.
All deductions for small business expenditures are deemed to are actually allowed. When earnings are taxed at 50% of the gross receipts, the balance of fifty% is deemed to be permitted in direction of each of the small business expenses in the assessee.
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No other deductions for small business costs that usually are authorized may be claimed eg. depreciation, lease, administrative charges etc
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In the above case, Mr Ram can go with presumptive taxation In case the tax is paid on 50% of gross receipts. As a result, Ram can choose to pay back tax under the presumptive scheme of taxation below area 44ADA.
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