No concession in payment of advance tax. Same shall be paid in 4 installments as per common progress tax provisions
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Will I be authorized any deduction for almost any expenditure incurred for investments and insurance quality less than Portion 80C and 80D, if I select presumptive taxation?
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The freelancer is, hence unable to submit any added expenditure promises. Having said that, they remains suitable to deduct Chapter VI-A fees for things like mediclaim premiums and LIC subscriptions.
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Part 44ADA – Normal guides of accounts are to get preserved and acquire them audited if earnings exceeds basic exemption Restrict.
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