The 2-Minute Rule for 44 cash

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In the above situation, Mr Ram can choose presumptive taxation In case the tax is compensated on fifty% of gross receipts. As a result, Ram can decide to spend tax underneath the presumptive scheme of taxation under section 44ADA. 

No concession in payment of advance tax. Exact same shall be compensated in 4 installments as per regular advance tax provisions

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