Remember to Notice every energy is manufactured to make sure that the enclosed data is precise; even so, within the occasion of an error, the successful numbers and prize amounts during the Formal documents from the Ga Lottery Company shall be managing.
Section 44ADA supplies a simple technique of taxation for compact industry experts. Part 44ADA offers a plan of presumptive taxation for revenue and gains arising from professions pointed out under Portion 44AA(one) of your Cash flow Tax Act, 1961.
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A forty four-12 months-outdated person has been charged with possessing criminal home, concealing legal property and moving into into an arrangement to accumulate prison home.
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In the above circumstance, Mr Ram can select presumptive taxation When the tax is paid on fifty% of gross receipts. Consequently, Ram can prefer to pay back tax beneath the presumptive scheme of taxation less than section 44ADA.
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