The 2-Minute Rule for 44 cash
The 2-Minute Rule for 44 cash
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No concession in payment of advance tax. Very same shall be paid in four installments According to regular advance tax provisions
Any person carrying on eligible company or profession less than Segment 44AD or 44AE or 44ADA and promises financial gain lower when compared to the prescribed revenue, is not really permitted to take pleasure in the aid presented for maintenance of guides of account and audit.
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The limit is improved to INR seventy five lakhs if the entire quantity been given in cash doesn't exceed 5 p.c of the total gross receipts of this sort of previous 12 months.
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44 cash just isn't answerable for any with the phrases introduced to you personally. Fees, service fees, and conditions are directly selected because of the lender.
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The freelancer is, as a result struggling to post any added expense statements. Nevertheless, they remains eligible to deduct Chapter VI-A charges for such things as mediclaim rates and LIC subscriptions.
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Part 44AD – Common more info textbooks of accounts are being preserved if cash flow exceeds The fundamental exemption limit and an audit shall be performed if disorders According to provisions of Area 44AB are fulfilled.
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