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Complete progress tax could be compensated by last installment of progress tax i.e., 15 March of a calendar year, in case of failure to do so, desire is leviable @ one% on shortfall According to Section 234C
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Presumptive taxation less than Sec 44ADA simplifies tax calculation for smaller industry experts. Area 44ADA outlines regulations and Rewards, with boundaries revised in Spending budget website 2023.
Total advance tax may be compensated by past installment of advance tax i.e., fifteen March of a year, in the event of failure to do so, curiosity is leviable @ 1% on shortfall According to Area 234C
Will I be authorized any deduction for virtually any expenditure incurred for investments and insurance plan high quality beneath Area 80C and 80D, if I choose presumptive taxation?
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