A funds counting calculator can be utilized in several scenarios that have to have you to locate a total sum of cash and can certainly be used for any of the following:
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Whole progress tax could be compensated by final installment of progress tax i.e., 15 March of a 12 months, in case of failure to do so, interest is leviable @ one% on shortfall According to Part 234C
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Nevertheless, to deliver aid to modest taxpayers through the wearisome job of protecting publications of account and getting them audited, revenue tax regulation has launched the thought of presumptive taxation scheme.
Presumptive taxation schemes To ease modest taxpayers are offered below Area 44AD, 44ADA and 44AE. When Section 44ADA is for experts Part 44AD and 44AE issues small business enterprise taxpayers. Allow us to comprehend them in detail.
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Here, we could Look at his taxable income beneath typical provisions and also the presumptive scheme as down below:
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