No concession in payment of advance tax. Same shall be paid out in four installments According to conventional advance tax provisions
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Will I be permitted any deduction for just about any expenditure incurred for investments and insurance coverage top quality below Portion 80C and 80D, if I choose presumptive taxation?
CP Foods has carried out a complete impartial, 3rd-occasion audit of its shrimp feed source chain (every one of the way again to the individual fishing boats catching fish for fishmeal creation), carried out by a number one international source chain audit corporation.
As A part of that procedure, CP Foods has decreased the amount of suppliers who supply fishmeal for that manufacture of shrimp feed.
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Presumptive taxation below Sec 44ADA simplifies tax calculation for tiny industry experts. Portion 44ADA outlines rules and Advantages, with limitations revised in Price range 2023.
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Section 44AD – Regular guides of accounts are to generally be managed if profits exceeds The fundamental exemption limit and an audit shall be performed if ailments as per provisions of Section 44AB are fulfilled.
Make sure you critique the regulations as part of your point out to learn more with regards to the implications of not repaying a payday mortgage.