Eligible gurus include things like interior decorators, engineers, health care practitioners, and even more. Retaining publications of accounts and auditing needs change according to income degrees. The plan permits basic tax calculation determined by gross receipts.
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No, you won't be demanded to take care of publications of get more info account when you select presumptive taxation system.
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In the above mentioned case, Mr Ram can go with presumptive taxation if the tax is paid out on 50% of gross receipts. As a result, Ram can opt to shell out tax beneath the presumptive plan of taxation beneath area 44ADA.
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