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Experts mentioned in the area can pay tax on their own gross receipts less than section 44ADA, and they might choose this plan only if their complete profits doesn't exceed Rs.seventy five lakhs/fifty lakhs.
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Portion 44ADA – Typical textbooks of accounts are to become managed and get them audited if profits exceeds primary exemption limit.
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(“Owns” also incorporates products carriage taken on seek the services of or installment wherever the amount payable remains because of)
No concession in payment of advance tax. Exact same shall be paid in 4 installments According to normal advance tax provisions
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