Top latest Five 44 cash Urban news
Top latest Five 44 cash Urban news
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Professionals stated during the segment will pay tax on their gross receipts underneath section 44ADA, and they're able to go for this scheme only if their overall profits isn't going to exceed Rs.75 lakhs/50 lakhs.
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No other deductions for small business fees that are generally allowed is usually claimed eg. depreciation, hire, administrative fees etc
Main rivals Have a very soiled tiny secret. They insert hidden markups to their exchange premiums - charging you a lot more devoid of your awareness. And when they have a cost, they demand you two times.
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Additionally, you will be needed to pay back fascination under Sections 234B and 234C if you do not spend progress tax because of the fiscal 12 months's fifteenth of March.
Part 44AD – According to Part 44AD, where by a taxpayer opts for presumptive taxation plan for virtually any of the economic 12 months he is required to carry on to opt for a similar for upcoming 5 a long time. If he 44 cash fails to take action, he won't be suitable to select presumptive taxation scheme u/s 44AD for five decades succeeding the year through which he opts out. Even further, with regard to Those people 5 economic years where by taxpayer is ineligible to choose presumptive taxation plan u/s 44AD, regular publications of account need to be maintained and audit shall be performed if whole profits exceeds basic exemption Restrict.