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No, you won't be essential to keep up textbooks of account once you opt for presumptive taxation method.
The presumptive scheme of taxation lessens the compliance load on small professions and facilitates simplicity of accomplishing business. Underneath the presumptive scheme of taxation, gains/taxable earnings is presumed at 50% from the gross receipts.
44 Cats, an Italian animated children's tv sequence, which was motivated by a song of the exact same name.
The prepared down worth (WDV) of property for tax functions shall be calculated as with the depreciation has become authorized annually. This WDV could well be the worth of the asset for tax reasons inside of a situation exactly where the asset is sold later on from the assessee.
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six% of full turnover or gross receipts of the tax calendar year received by account payee cheque/lender draft, ECS by way of banking account on or in advance of due date of filing the return of revenue
You will also be required to pay desire beneath Sections 234B and 234C if you do not fork out advance tax through the fiscal year's fifteenth of March.
Any person carrying on suitable organization or career below Portion 44AD or 44AE or 44ADA and promises revenue decreased in comparison to the prescribed money, will not be permitted to benefit from the aid given for routine maintenance of textbooks of account and audit.
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This is needed of each lender beneath the Truth of the matter in Lending Act. In case you conform to the charges and costs, the lender will direct you to an e-signature web site, and your financial loan will probably be processed.
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