Additionally, you will be needed to pay back curiosity underneath Sections 234B and 234C if you do not spend progress tax by the fiscal yr's fifteenth of March.
Of course, an individual can assert benefit of Part 44AD and Part 44ADA concurrently if he/she has cash flow from each occupation along with small business.
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Of course. In case you owe greater than INR ten,000 in taxes to the fiscal yr, You will need to pay progress tax. In place of earning 4 payments in standard get more info circumstances, you need to fork out progress tax on or right before March fifteenth When you've got picked a presumptive taxation system underneath part 44AD or 44ADA.
No, you won't be necessary to keep up publications of account as soon as you select presumptive taxation program.
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The two measures of effectiveness are dinged from the momentary freeze in non-public equity exits. IPO markets that slam shut with the merest ruffle and trigger-shy corporate potential buyers means it really is challenging to sell portfolio organizations.
The freelancer is, for that reason struggling to post any supplemental expenditure statements. Even so, she or he remains to be qualified to deduct Chapter VI-A expenditures for such things as mediclaim rates and LIC subscriptions.
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