The 2-Minute Rule for 44 cash
The 2-Minute Rule for 44 cash
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Both the calculation for being designed to the period of time throughout which the products carriage is owned via the taxpayer
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Under the cash flow tax guidelines, someone engaged in prescribed business or occupation is needed to mandatorily retain books of account, prepare fiscal statements and have his accounts audited. Further, revenue/loss as per these types of financial statements will be viewed as to reach at taxable gains after making needed adjustments.
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Sure. In case you owe over INR ten,000 in taxes for that fiscal yr, You will need to pay advance tax. As opposed to building four payments in typical situations, it's essential to spend progress tax on or just before March fifteenth Should you have picked a presumptive taxation program below segment 44AD or 44ADA.
No, you will not be demanded to take care of books of account when you finally go for presumptive taxation process.
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Deduction of remuneration will not be authorized if the corporations revenue are taxed underneath the presumptive taxation part 44AD or 44ADA.
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