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No, you won't be needed to maintain publications of account as you opt for presumptive taxation program.
Presumptive taxation techniques to relieve small taxpayers are delivered beneath Area 44AD, 44ADA and 44AE. Whilst Section 44ADA is for specialists Part 44AD and 44AE issues little organization taxpayers. Let us fully grasp them intimately.
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Main opponents Have a very soiled very little secret. They incorporate concealed markups for their Trade charges - charging you more without the need of your knowledge. And if they have got a rate, they charge you twice.
All investments involve risk, and not all pitfalls are suitable for just about every Trader. The value of securities may well fluctuate and Therefore, customers may well eliminate more than their primary investment. The past effectiveness of the safety, or money product or service won't guarantee foreseeable future results or returns.
Whole advance tax could be compensated by last installment of advance tax i.e., fifteen March of a year, in case of failure to do so, fascination is leviable @ 1% on shortfall as per Section 234C
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No other deductions for enterprise expenditures that usually are authorized is often claimed eg. depreciation, rent, administrative expenditures and many others
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