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Should the industry experts declare their cash flow for being below 50% in their gross overall receipts in addition to if they exceed the the Restrict of gross receipt, then they cannot go for presumptive taxation.
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For those who default about the payments of the bank loan you could be answerable for added service fees. At forty four cash we strive to work with lenders that use fair and legal collection actions to rectify a loan that has not been repaid.
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Segment 44ADA was released to increase the scheme of simplified presumptive taxation to specified gurus. Previously, the presumptive plan of tax was accessible only to modest enterprises.