About 44 cash
About 44 cash
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As a result the taxpayer can decide for your presumptive taxation scheme beneath part 44ADA plus the taxable cash flow chargeable is fifty% of the total receipts.
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What exactly is presumptive taxation? A presumptive taxation is really a program wherein a government assumes a specific percentage within your turnover/gross receipts as your taxable revenue irrespective of the costs incurred.
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Shows the volume of hrs labored and the amount of hours of go away used in each category yr thus far.
Right after deciding on presumptive taxation, Should your cash flow goes beyond the established limit then you have to Obtain your textbooks audited.
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Individual carrying on enterprise getting his complete profits will not exceed Rupee five crore inside the prior calendar year