The best Side of 44 cash
The best Side of 44 cash
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No, It is far from Obligatory to decide Segment 44AE, it can be optional, if you decide for regular provisions, then you may have to maintain guides of accounts and have the identical audited.
Section 44ADA offers a straightforward approach to taxation for compact pros. Section 44ADA provides a plan of presumptive taxation for revenue and gains arising from professions stated below Part 44AA(one) website in the Earnings Tax Act, 1961.
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Anyone carrying on eligible business or career underneath Portion 44AD or 44AE or 44ADA and claims gain reduce as opposed to prescribed money, is just not allowed to take pleasure in the aid given for upkeep of books of account and audit.
Certainly, you could opt the two Part 44AD and Part 44ADA alongside one another, When you have earnings from organization together with specified professionals.
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