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In the above situation, Mr Ram can go for presumptive taxation Should the tax is paid out on fifty% of gross receipts. For this reason, Ram can prefer to shell out tax under the presumptive plan of taxation underneath area 44ADA. 

In the above illustration, the total receipt is underneath the revised/improved presumptive Restrict of Rs. seventy five lakh along with the cash receipt is less than 5% of the full receipts.

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No other deductions for business enterprise bills that are often authorized is usually claimed eg. depreciation, rent, administrative bills and many others

The total number of candles lit around the menorah in the course of the Jewish getaway of Chanukah, which begins within the twenty fifth day of your Hebrew month of Kislev and finishes about the 2nd or even the 3rd day of Tevet.

Part 44ADA is usually a special provision for calculating the taxable revenue for modest industry experts in sure conditions.

Their provides for other currencies are close to its counterparts’, and a lot better than banking institutions’ exchange fees.

An variety of shoes Apart from style garments and fashionable accessories, you’d also run into diverse footwear kinds. From more info slippers to rubber footwear to formal ones, every thing you'll need is nicely accounted for.

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