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Presumptive taxation plan lets the taxpayers declare their taxable money in a prescribed fee regardless of genuine profit/gains and consequently relieves them within the load of keeping frequent publications of account and receiving the exact audited.
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Notice: Any amount paid by way of advance tax on or ahead of 31st working day of March shall even be handled as progress tax compensated over the money calendar year ending on that day.
Published down worth of property may be computed as though depreciation is and has normally been claimed on the property
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Will I be allowed any deduction for any expenditure incurred for investments and insurance policy top quality beneath click here Area 80C and 80D, if I go for presumptive taxation?
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