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You will also be needed to pay back interest below Sections 234B and 234C if you do not spend progress tax because of the fiscal calendar year's 15th of March.
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Presumptive taxation plan allows the taxpayers declare their taxable profits at a prescribed amount irrespective of real earnings/gains and in turn relieves them within the burden of sustaining frequent publications of account and obtaining the exact same audited.
Certainly. If you owe in excess of INR 10,000 in taxes with the fiscal 12 months, You should pay back advance tax. Instead of creating four payments in normal circumstances, you must pay out advance tax on or right before March fifteenth if you have selected a presumptive taxation more info program below portion 44AD or 44ADA.
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Quickly Bank loan Immediate advises borrowers to be familiar with own financial loans, warning that implementing for the maximum amount can improve repayment burdens. The business endorses evaluating repayment ability and personal loan requirement to equilibrium quick requirements with extensive-term risks, marketing liable borrowing.
Will I be authorized any deduction for any expenditure incurred for investments and insurance premium under Part 80C and 80D, if I go for presumptive taxation?
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