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e. five% of mixture of all the amounts obtained along with Optimum Cash Payment Restrict i.e. 5% of aggregate of all the payments through the year. Therefore, assessee has for making selected calculations for checking the applicability of Tax Audit.

In accordance with Area 44ADA, a freelancer who has picked the Presumptive Plan is required to declare fifty% of their gross profits as earnings. It really is possible to report income for a predetermined proportion of receipts without having keeping any accounting records.

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This information will make the transfer of funds to your account in the case of a mortgage provide more rapidly and more secure. Will this information and facts be used to get funds outside of my account?

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