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Income tax department to hire

IT Department will recruit young people under a newly introduced young professional scheme, 2023.

Things to know about presumptive

Under Section 44AD, individuals adopting the presumptive taxation scheme can declare a deemed minimum income.

Difference between TDS and TCS

TDS is applicable only when the payment exceeds a certain amount, whereas TCS is applicable to sales of designated goods.

Things to know about Advance

Anyone whose estimated tax liability for the year is ₹10,000 or more is obligated to pay their taxes in advance.