No concession in payment of advance tax. Exact shall be paid out in four installments According to typical advance tax provisions
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Taxpayers declare profits at a prescribed level in spite of true earnings. It is relevant beneath Area 44AD, 44AE, and 44ADA for different types of taxpayers and professions.
In the above mentioned illustration, the full receipt is down below the revised/elevated presumptive Restrict of Rs. seventy five lakh and the cash receipt is below get more info 5% of the whole receipts.
In this article, we are able to Assess his taxable money under usual provisions plus the presumptive plan as under:
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