Precisely what is presumptive taxation? A presumptive taxation is usually a process where a government assumes a certain proportion within your turnover/gross receipts as your taxable profits no matter the bills incurred.

Be sure that you understand the plan before you decide to e-sign for just a financial loan. Every single state has guidelines and rules in place that payday lenders should follow when assessing costs for late payments.

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The earliest verified prevalence from the name Lavapura is on silver coins inscribed "lava" within the obverse and "pura" about the reverse in the Pallava-derived script in the seventh or eighth century; a number of this kind of coins ended up recovered in 1966 from the hoard located in an historical jar in U Thong.[9][ten]

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Beneath the revenue tax legal guidelines, a person engaged in prescribed small business or profession is required to mandatorily keep publications of account, get ready money statements and obtain his accounts audited. More, revenue/decline as per such money statements could be regarded to reach at taxable gains just after building essential changes.

Observe: Any total paid out By means of advance tax on or ahead of 31st working day of March shall even be taken care of as progress tax compensated over the economic calendar year ending on that day.

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(“Owns” also involves products carriage taken on employ the service of or installment exactly where the amount payable continues to be because of)

No concession in payment of advance tax. Identical shall be paid in 4 installments as per conventional advance tax provisions

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