What on earth is presumptive taxation? A presumptive taxation is really a system where a govt assumes a specific proportion of your turnover/gross receipts as your taxable cash flow irrespective of the expenses incurred.

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The freelancer is, therefore unable to post any additional cost claims. However, they is still suitable to deduct Chapter VI-A expenses for things like mediclaim rates and LIC subscriptions.

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Most residences have some risk of purely natural disasters, and may be impacted by weather adjust as a consequence of climbing temperatures and sea degrees.

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The penned down value (WDV) of assets for tax uses shall be calculated as of your depreciation has become authorized annually. This WDV will be the value with the asset for tax reasons in a very situation where the asset is sold later on through the assessee.

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Presumptive taxation scheme allows the taxpayers declare their taxable money at a prescribed price irrespective of true income/gains and consequently relieves them with the burden of preserving normal guides of account and receiving the exact audited.

We devote avg. on food on a daily basis only 600 baht(two person cooking nutritious food stuff and together with take in-out occasionally).I really have to Cook dinner almost every food (except for lunch) clean up and check out every thing to scale back cost of living e.g. transform light-weight bulb to led and hanging apparel as opposed to applying dryer.