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No, you won't be expected to keep up books of account when you select presumptive taxation method.

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Margin will not be available in all account kinds. Margin trading privileges are issue to Webull Economical, LLC critique and acceptance. Leverage carries a significant level of risk and is not appropriate for all investors. Higher leverage creates larger losses inside the event of adverse market place movements.

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Understand that although diversification may perhaps assist distribute risk, it doesn't guarantee a financial gain or shield towards decline inside of a down industry. There is often the opportunity of dropping funds any time you invest in securities or other fiscal items. Buyers should really take into account their expense goals and risks meticulously right before investing.

No, It is far from Obligatory to opt Part 44AE, it really is optional, if you opt for standard provisions, You then might have to maintain publications of accounts and obtain the identical audited.

No concession in payment of advance tax. Identical shall be paid in 4 here installments According to common progress tax provisions

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Just after picking presumptive taxation, In the event your money goes further than the established limit then You need to get your textbooks audited.

Nevertheless, the elevated Restrict are going to be out there provided that the cash receipt will not exceed 5% of the overall receipt with the small business or occupation as the situation can be. 

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