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Make certain that you understand the coverage before you decide to e-signal for any financial loan. Each and every condition has regulations and rules in position that payday lenders will have to stick to when evaluating expenses for late payments.

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So as to add up the whole degree of cash and cash you've got, initially type Each and every Notice and coin Based on price. Make a independent pile for each denomination and afterwards depend the quantity of of every Invoice or coin benefit you have got.

Presumptive taxation scheme lets the taxpayers declare their taxable revenue at a prescribed level regardless of real earnings/gains and consequently relieves them within the burden of sustaining normal publications of account and receiving the identical audited.

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Overall progress tax may be paid by last installment of progress tax i.e., 15 March of the calendar year, in case of failure to do so, fascination is leviable @ 1% on shortfall as per Part 234C

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No, you won't be needed to take care of books of account as you opt for presumptive taxation method.

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Having said that, the enhanced limit is going to be readily available provided that the cash receipt will not exceed five% of the overall receipt in the business or profession as the case might be. 

Area 44AD – Standard textbooks of accounts are to get maintained if earnings exceeds the basic exemption Restrict and an audit shall be carried out if situations According to provisions of Part 44AB are fulfilled.