The best Side of 44 cash
The best Side of 44 cash
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If the many disorders specified over are fulfilled, although the profit declared is below eight% then is Tax Audit required?
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Will I be permitted any deduction for almost any expenditure incurred for investments and insurance coverage premium underneath Segment 80C and 80D, if I go for presumptive taxation?
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A 44-calendar year-aged male continues to be charged with possessing legal house, concealing prison property and getting into into an arrangement to accumulate legal assets.
No, you won't be demanded to maintain textbooks of account when you finally go with presumptive taxation method.
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Commonly, anyone carrying on small business or occupation maintains guides of accounts and prepares a balance sheet in addition to a income or loss account to be aware of the fiscal position of his small business or occupation for just a economic year.
(b) aggregate of all payments manufactured which include amount incurred for expenditure, in cash, throughout the preceding yr won't exceed 5 for every cent in the stated payment,
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Man or woman carrying on organization possessing his complete profits would not exceed Rupee five crore in the preceding 12 months