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Section 44ADA offers a simple technique of taxation for little specialists. Section 44ADA offers a plan of presumptive taxation for revenue and gains arising from professions pointed out below Part 44AA(one) from the Earnings Tax Act, 1961.
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Additionally, you will be necessary to shell out desire beneath Sections 234B and 234C if you do not pay back advance tax via the fiscal 12 months's fifteenth of March.
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(“Owns” also incorporates items carriage taken on click here seek the services of or installment where the quantity payable continues to be owing)
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