Area 44ADA presents a straightforward means of taxation for small specialists. Portion 44ADA provides a plan of presumptive taxation for revenue and gains arising from professions mentioned beneath Segment 44AA(1) with the Money Tax Act, 1961.
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Segment 44AE – Common textbooks of account shall be managed and audit shall be completed no matter turnover or profits.
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Yes. In the event you owe greater than read more INR 10,000 in taxes with the fiscal 12 months, You must pay back progress tax. Rather than earning four payments in typical situations, you will need to fork out progress tax on or prior to March 15th Should you have chosen a presumptive taxation procedure below part 44AD or 44ADA.