Quick Loan Direct advises borrowers to understand individual financial loans, warning that making use of for the utmost quantity can increase repayment burdens. The business suggests analyzing repayment ability and loan necessity to equilibrium quick needs with prolonged-time period risks, marketing responsible borrowing.
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If the accounting software generates, Receipts & Payment account, then it can be employed for simple computation. Otherwise just one needs to manually make exactly the same from textbooks of accounts.
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All deductions for business bills are considered to are allowed. After profits are taxed at fifty% with the gross receipts, the stability of fifty% is deemed for being permitted toward the many organization bills on the assessee.
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(b) mixture of all payments designed together with amount of money incurred for expenditure, in cash, through the former 12 months doesn't exceed five for every cent from the said payment,
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Here, we will Review his taxable money under regular provisions along with the presumptive scheme as under:
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