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Presumptive taxation strategies To ease tiny taxpayers are delivered under Part 44AD, 44ADA and 44AE. While Segment 44ADA is for pros Portion 44AD and 44AE considerations modest organization taxpayers. Let's have an understanding of them intimately.
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In spite of picking presumptive scheme beneath section 44ADA, taxpayer can declare part 80 tax conserving deductions and investments.
For this reason the taxpayer can choose for your presumptive taxation plan below part 44ADA as well as the taxable income chargeable is fifty% of the overall receipts.
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