5 Tips about 44 cash You Can Use Today
5 Tips about 44 cash You Can Use Today
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In the above illustration, the overall receipt is under the revised/greater presumptive limit of Rs. 75 lakh and also the cash receipt is a lot less than five% of the full receipts.
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Shows the amount of hrs worked and the number of several hours of depart used in each category yr to this point.
No, It's not compulsory to decide Portion 44AE, it truly is optional, if you decide for normal provisions, then you may need to take care of books of accounts and get the identical audited.
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Additionally, you will be necessary to spend desire underneath Sections 234B and 234C if you do not pay back progress tax by the fiscal year's fifteenth of March.
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I'm a chartered accountant, nicely-versed from the ins and outs of earnings tax, GST, and maintaining the books balanced. Quantities are my factor, I can sift by way of financial statements and tax codes with the very best of them. But there is A different side to me – a facet that thrives on words, not figures. Examine extra
Make sure you evaluation the legal guidelines inside your state to learn more in regards to the implications of not repaying a payday loan.
Will I be permitted any deduction for virtually any expenditure incurred for investments and insurance coverage high quality beneath Section 80C and 80D, if I select presumptive taxation?
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Certainly, someone can claim good thing about Part 44AD and Section 44ADA concurrently if he/she get more info has cash flow from equally profession along with business.
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