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Portion 44AD – Regular books of accounts are to become maintained if earnings exceeds the basic exemption Restrict and an audit shall be completed if problems as per provisions of Segment 44AB are fulfilled.
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All deductions for small business bills are deemed to have been permitted. After profits are taxed at 50% from the gross receipts, the balance of fifty% is deemed to generally be permitted towards all the small business expenditures in the assessee.
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