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Complete advance tax is usually paid by very last installment of advance tax i.e., 15 March of the calendar year, in case of failure to do so, desire is leviable @ one% on shortfall According to Section 234C
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If an assessee meets any of the next requirements, then they have to retain guides of accounts and obtain accounts audited under portion 44AB:
Connected finance ecosystem for procedure automation, higher Handle, increased personal savings and productiveness
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The presumptive scheme of taxation decreases the compliance load on smaller professions and facilitates ease of executing business. Under the presumptive plan read more of taxation, profits/taxable income is presumed at fifty% of the gross receipts.
The freelancer is, therefore struggling to post any extra cost promises. On the other hand, she or he continues to be qualified to deduct Chapter VI-A expenditures for things like mediclaim rates and LIC subscriptions.
Providing a license range drastically raises your prospect of getting a mortgage. If you do not Have got a driver’s license, you could possibly utilize a point out or govt ID number. Enter Motorists License
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Record your overall accessible profits like wages, retirement, investments, and rental Houses. You are not demanded to disclose revenue that may be alimony, youngster support or separate routine maintenance Unless of course you need to use that cash flow to qualify for your mortgage.
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