No, you won't be expected to maintain books of account once you select presumptive taxation method.
Deduction of remuneration isn't permitted If your companies earnings are taxed under the presumptive taxation area 44AD or 44ADA.
Area 44AD – Normal books of accounts are to get ma
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The interest level is the yearly cost of a loan to its borrower, expressed for a proportion in the principal borrowed. The once-a-year percentage price (APR) of the loan is a little unique, but a lot more intently demonstrates genuine yearly expenditures.
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