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Authorised agent signifies a individual who represents Yet another particular person for the fee ahead of a tribunal or any authority constituted beneath any regulation. It does not contain an staff of the person so represented or a one who is carrying on the occupation of accountancy

When you are matched using a lender, and also your mortgage is approved, the fascination prices and costs that you're going to incur for the duration of repayment will be offered to you.

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Right after opting for presumptive taxation, If the income goes past the set Restrict then It's important to Get the textbooks audited.

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On the other hand, to offer reduction to smaller taxpayers within the monotonous job of sustaining books of account and obtaining them audited, revenue tax law has launched the strategy of presumptive taxation plan.

I'm a chartered accountant, very well-versed inside the ins and outs of cash flow tax, GST, and keeping the guides balanced. Figures are my factor, I am able to sift by way of monetary statements and tax codes with the most beneficial of them. But you will find One more side to me – 44 cash a aspect that thrives on phrases, not figures. Study extra

(“Owns” also incorporates products carriage taken on employ the service of or installment in which the amount payable remains due)

Will I be authorized any deduction for just about any expenditure incurred for investments and insurance plan high quality below Part 80C and 80D, if I choose presumptive taxation?

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Of course, someone can claim benefit of Portion 44AD and Section 44ADA simultaneously if he/she has money from equally profession in addition to business enterprise.

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