A Secret Weapon For 44 cash
A Secret Weapon For 44 cash
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In the above mentioned illustration, the entire receipt is underneath the revised/increased presumptive limit of Rs. 75 lakh and the cash receipt is below five% of the whole receipts.
Portion 44ADA supplies a simple way of taxation for compact pros. Portion 44ADA provides a scheme of presumptive taxation for profits and gains arising from professions outlined underneath Part 44AA(one) with the Money Tax Act, 1961.
In the event the pros declare their revenue for being a lot less than 50% of their gross whole receipts in addition to when they exceed the the Restrict of gross receipt, then they can't choose presumptive taxation.
No, It's not at all Obligatory to opt Area 44AE, it's optional, if you choose for ordinary provisions, Then you definitely may need to keep up guides of accounts and get the identical audited.
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Section 44ADA – Common guides of accounts are being maintained and get them audited if earnings exceeds fundamental exemption limit.
To prevent monkeys attacking people today, the officer will feed monkeys in 3 designated regions outdoors San Phrakan two times each day, at 10am and 4pm. Those who want to feed monkeys in addition to these times, be sure to Speak to the officer or caretaker
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Displays the quantity of hours labored and the volume of several hours of leave used in each category during the pay time period.
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Section 44AE – Regular textbooks of account shall be managed and audit shall be performed regardless of turnover or profits.
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