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Presumptive taxation plan lets the taxpayers declare their taxable earnings at a prescribed fee irrespective of genuine earnings/gains and in turn relieves them with the stress of sustaining common publications of account and getting the exact same audited.
forty four cash isn't accountable for any in the terms presented for you. Charges, charges, and terms are directly decided on from the lender.
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No, you won't be demanded to maintain textbooks of account as you choose presumptive taxation system.
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Their gives for other currencies may also be close to its counterparts’, and much better than banking institutions’ exchange costs.
Portion 44AD – Typical publications of accounts are to become preserved if income exceeds The fundamental exemption Restrict and an audit shall be carried out if disorders According to provisions of Part 44AB are fulfilled.
Immediately after deciding on presumptive taxation, if your income goes outside of the established Restrict then It's important to Get the textbooks audited.
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