5 Easy Facts About 44 cash Described
5 Easy Facts About 44 cash Described
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No, It's not Obligatory to choose Area 44AE, it's optional, if you decide for normal provisions, then you might require to maintain guides of accounts and obtain precisely the same audited.
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Therefore the taxpayer can decide with the presumptive taxation scheme beneath area 44ADA and the taxable income chargeable is 50% of the whole receipts.
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44 Cats, an Italian animated kid's tv series, which was motivated by a song of the exact same title.
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Segment 44ADA was released to increase the scheme of simplified presumptive taxation to specified industry experts. Earlier, the presumptive scheme of tax was out there only to little companies.
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If an assessee meets any of the next requirements, then they must retain textbooks of accounts and acquire accounts audited beneath portion 44AB: