What Does 44 cash Mean?
What Does 44 cash Mean?
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There are various makes an attempt by previous governments to develop an SEZ in Tak because the province is often a centre of border trade with Myanmar, which also connects to the Indian market place.
No, you won't be essential to take care of books of account after you go for presumptive taxation method.
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In this article, we will Examine his taxable money underneath typical provisions as well as the presumptive scheme as under:
In spite of deciding on presumptive scheme less than segment 44ADA, taxpayer can assert portion 80 tax saving deductions and investments.
Composed down price of property can be computed like depreciation is and has generally been claimed to the belongings
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Part 44AD – As per Part 44AD, in which a taxpayer opts for presumptive taxation plan for virtually any with the fiscal 12 months he is required to carry on to choose for a similar for upcoming five decades. If he fails to do so, he won't be eligible read more to select presumptive taxation scheme u/s 44AD for 5 years succeeding the 12 months in which he opts out. More, with respect to those 5 fiscal a long time the place taxpayer is ineligible to choose presumptive taxation scheme u/s 44AD, standard textbooks of account need to be taken care of and audit shall be carried out if complete income exceeds basic exemption Restrict.
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