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Linked finance ecosystem for process automation, increased Regulate, higher savings and efficiencyNo, you won't be demanded to keep up textbooks of account after you choose presumptive taxation system.
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Take note: Any total paid By the use of advance tax on or right before 31st day of March shall even be taken care of as advance tax compensated in the monetary yr ending on that day.
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Segment 44ADA was released to extend the scheme of simplified presumptive taxation to specified gurus. Previously, the presumptive plan of tax was offered only to small enterprises.
Deduction of remuneration will not be authorized In case the corporations profits are taxed beneath the presumptive taxation segment 44AD or 44ADA.
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