Part 44AD – According to Part 44AD, where by a taxpayer opts for presumptive taxation plan for any from the economic 12 months he is required to continue to decide for a similar for following 5 several years. If he fails to do so, he won't be qualified to go with presumptive taxation scheme u/s 44AD for 5 a long time succeeding the calendar year
Furnishing an employer telephone number noticeably boosts your odds of acquiring a mortgage. When you are on Advantages, You may use the telephone number of The federal government Workplace that gives your Added benefits. Enter Employer Mobile phoneIn accordance with Section 44ADA, a freelancer who has picked the Presumptive Scheme is needed to dec
(i) The amount payable for principal and curiosity, labeled “Principal & Desire,” including the phrase “only fascination” In case the payment or selection of payments involves any desire only payment:(one) Just about every licensee shall sustain records in conformity with normally acknowledged accounting ideas and procedures inside a method