The lender will give you a document that outlines all of the conditions from the bank loan staying presented. The information delivered will incorporate the rates and charges that you will be chargeable for.
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Just about every lender in our community has their own personal plan In terms of late payments. Prior to deciding to conform to a loan you may be presented with the data regarding the implications of constructing late payments.
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No other deductions for organization fees that are generally permitted might be claimed eg. depreciation, lease, administrative expenditures etcetera
No, you won't be necessary to maintain guides of account after you go for presumptive taxation system.
Right after deciding on presumptive taxation, When your earnings goes over and above the established Restrict then You need check here to get your guides audited.
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Will I be authorized any deduction for almost any expenditure incurred for investments and insurance quality below Portion 80C and 80D, if I go with presumptive taxation?
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Area 44AE – Standard publications of account shall be maintained and audit shall be carried out irrespective of turnover or revenue.
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