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Will I be authorized any deduction for virtually any expenditure incurred for investments and insurance policy high quality underneath Segment 80C and 80D, if I go with presumptive taxation?

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That's why the taxpayer can choose to the presumptive taxation plan underneath section 44ADA along with the taxable cash flow chargeable is fifty% of the overall receipts. 

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No concession in payment of advance tax. Very same shall be paid out in 4 installments According to conventional progress tax provisions

In this article, we can Examine his taxable money under ordinary provisions plus the presumptive scheme as beneath:

No other deductions for small business charges that are frequently permitted might be claimed eg. depreciation, lease, administrative read more bills and so forth

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The biweekly Assertion of Earnings and Leave provides a breakdown of the worker's gross shell out and biweekly deductions for the spend interval and cumulative quantities for your tax calendar year. In addition it delivers the individual's YTD calendar year-to-date go away position for your go away year and cumulative retirement deductions.

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44 cash just isn't chargeable for any of your terms offered to you. Prices, fees, and conditions are specifically selected by the lender.