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No, you will not be needed to take care of textbooks of account as soon as you go with presumptive taxation method.
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Section 44ADA was released to extend the scheme of simplified presumptive taxation to specified gurus. Before, the presumptive plan of tax was offered only to small corporations.
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Whole progress tax may be paid out by last installment of advance tax i.e., fifteen March of the calendar year, in case of failure to take action, interest is leviable @ 1% on shortfall as per Segment 234C
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The freelancer is, thus unable to submit any extra expense statements. On the other hand, he or she continues to be eligible to deduct Chapter VI-A expenses for things such as mediclaim rates and LIC subscriptions.
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