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Profits from your profession is obtainable in a reduce price than fifty% from the gross receipts (i.e., the charges being claimed is much more than fifty% of the gross receipts) and the total cash flow is greater than the basic exemption.

No, you will not be needed to take care of books of account when you finally select presumptive taxation program.

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FAQ Page for a summary of answers to normally requested queries. For more info on how we link you having a lender, remember to take a look at our

Complete advance tax may be paid out by very last installment of progress tax i.e., 15 March of the calendar year, in the event of failure to do so, desire is leviable @ 1% on shortfall as per Part 234C

If an assessee fulfills any of the next requirements, then they must manage textbooks of accounts and have accounts audited under segment 44AB:

Click on the dropdown to pick out EUR in the very first dropdown given that the forex that you want to transform and USD in the second drop down as being the currency you wish to change to.