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No concession in payment of advance tax. Exact shall be compensated in 4 installments According to common advance tax provisionsRevenue from the job is obtainable in a reduced fee than fifty% in the gross receipts (i.e., the bills being claimed is much more than 50% in the gross receipts) and the whole profits is greater than the basic exemption.?
In the above mentioned illustration, the entire receipt is below the revised/greater presumptive limit of Rs. seventy five lakh along with the cash receipt is less than five% of the entire receipts.Here, we can compare his taxable income below standard provisions and also the presumptive plan as beneath:The Checklist Cost is definitely the instruct