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Cash asset in respect of which deduction authorized below 35AD is considered to be the profits on the assessee According to 35AD(7B)
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As a result the taxpayer can choose for the presumptive taxation scheme under area 44ADA and the taxable earnings chargeable is 50% of the whole receipts.
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As these rates incorporate up in excess of the phrase of your respective loan, you could owe hundreds or thous