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No, you will not be expected to take care of books of account after you go with presumptive taxation method.
Presumptive taxation plan relieves small taxpayers from retaining regular publications of account and obtain them audited. Threshold limitations less than 44AD and 44ADA enhanced in Budget 2023.
Indeed, someone can claim good thing about Section 44AD and Section 44ADA at the same time if he/she has money from both of those profession as well as company.
The limit is improved to INR seventy five lakhs if the whole total acquired in cash doesn't exceed five p.c of the full gross receipts of these past yr.
Lenders use your Social Security variety to verify your id. Getting into a sound selection is crucial, as unverifiable information will lead to rejection. What is going to my SSN be used for?
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It is recommended you carefully evaluation the phrases on the mortgage in advance of going ahead. For those who conform to the conditions, you will be directed to a page that can check with in your e-signature.
Listing your overall offered revenue such as wages, retirement, investments, and rental Attributes. You aren't necessary to reveal revenue that's alimony, boy or girl assist or different upkeep Except you need to use that profits to qualify for any personal loan.
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You will also be necessary to pay back interest below Sections 234B and 234C if you do not spend progress tax from the fiscal yr's fifteenth of March.
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