The Definitive Guide to 44 cash
The Definitive Guide to 44 cash
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In the above mentioned case, Mr Ram can go for presumptive taxation When the tax is paid on 50% of gross receipts. For this reason, Ram can prefer to fork out tax beneath the presumptive scheme of taxation below segment 44ADA.
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Section 44AE – Normal books of account shall be taken care of and audit shall be completed irrespective of turnover or revenue.
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