A Review Of 44 cash
A Review Of 44 cash
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Area 44ADA gives an easy method of taxation for smaller industry experts. Portion 44ADA provides a scheme of presumptive taxation for revenue and gains arising from professions talked about beneath Section 44AA(one) of your Money Tax Act, 1961.
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No, It isn't compulsory to choose Section 44AE, it really is optional, if you opt for normal provisions, Then you definately might require to keep up books of accounts and get the same audited.
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Immediately after picking presumptive taxation, In the event your revenue goes outside of the established limit then You will need to get your publications audited.
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Indeed. When you owe in excess of INR ten,000 in taxes to the fiscal year, You must pay advance tax. Instead of generating 4 payments in regular conditions, you need to shell out progress tax on or ahead of March fifteenth if you have selected a presumptive taxation technique less than section 44AD or 44ADA.
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