Under Portion 44AD of presumptive taxation, tiny taxpayers with lower than Rs two crore of turnover usually are not expected to take care of textbooks of accounts and their earnings are presumed to get eight% in their turnover.

Entire advance tax can be paid out by very last installment of advance tax i.e., fifteen March of the year, in case of failure to take action, desire is leviable @ one% on shortfall as per Portion 234C

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The two the calculation to get built for your period of time throughout which the products carriage is owned because of the taxpayer

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No concession in payment of progress tax. Exact same shall be paid out in four installments According to typical progress tax provisions

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