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Soon after choosing presumptive taxation, Should your revenue goes beyond the established Restrict then You must get your textbooks audited.
Presumptive taxation underneath Sec 44ADA simplifies tax calculation for modest specialists. Segment 44ADA outlines guidelines and Gains, with restrictions revised in Funds 2023.
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Complete progress tax might be paid by final installment of advance tax i.e., 15 March of the yr, in case of failure to do so, interest is leviable @ 1% on shortfall According to Part 234C
Within the face of it, shifting concentration in direction of distributions website to paid out-in capital over interior charges of return is bewildering offered how inadequately the business is executing on both of those.
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