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Part 44AD – According to Segment 44AD, where a taxpayer opts for presumptive taxation scheme for almost any of the economical 12 months he is necessary to continue to opt for the same for subsequent 5 decades. If he fails to do so, he won't be suitable to choose presumptive taxation scheme u/s 44AD for five decades succeeding the 12 months during
Restriction imposed: The relevant registered individuals are not able to use ITC in surplus of ninety nine% of output tax liability. In very simple text, much more than 99% of your output tax liability can't be discharged by making use of input tax credit score.“I wasn't supplying to become a liaison between you as well as FBI,” Brown wrote. �
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