Not known Details About 44 cash
Not known Details About 44 cash
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In the above illustration, the entire receipt is underneath the revised/amplified presumptive Restrict of Rs. 75 lakh and the cash receipt is less than five% of the overall receipts.
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Shows the quantity of hours labored and the volume of hours of depart Employed in Every category 12 months so far.
No, It isn't Obligatory to opt Portion 44AE, it truly is optional, if you opt for regular provisions, Then you really might need to keep up guides of accounts and get precisely the same audited.
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Presumptive taxation techniques To alleviate smaller taxpayers are supplied under Part 44AD, 44ADA and 44AE. Though Portion 44ADA is for experts Part 44AD and 44AE concerns little enterprise taxpayers. Allow us to fully grasp them intimately.
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Part 44ADA is really a Particular provision for calculating the taxable profits for little professionals in selected situation.
EXPAND your ask for to incorporate additional financial solutions that focus on consolidating unsecured financial debt.
Will I be allowed any deduction for just about any expenditure incurred for investments and insurance policies high quality underneath Part 80C and 80D, if I select presumptive taxation?
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