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Section 44ADA was launched to increase the scheme of simplified presumptive taxation to specified specialists. Earlier, the presumptive scheme of tax was offered only to tiny organizations. 

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A 44-calendar year-old man has long been billed with possessing prison assets, concealing legal home and getting into into an arrangement to obtain prison assets.

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You should overview the legislation as check here part of your point out To find out more regarding the implications of not repaying a payday loan.

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Person carrying on organization obtaining his complete income doesn't exceed Rupee 5 crore from the preceding 12 months