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six% of full turnover or gross receipts of the tax year gained by account payee cheque/financial institution draft, ECS by banking account on or right before owing day of filing the return of revenue
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No concession in payment of progress tax. Exact same shall be paid in 4 installments According to conventional advance tax provisions
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In case of Section 44AE, if taxpayer is a partnership firm, income and curiosity paid out to companions is allowed as deduction from prescribed profits above