5 Essential Elements For 44 cash
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Presumptive taxation scheme relieves tiny taxpayers from preserving typical textbooks of account and get them audited. Threshold boundaries less than 44AD and 44ADA amplified in Finances 2023.
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An assessee is liable to pay for her or his advance tax in just one installment on or before the click here 15th of March of each economical calendar year if he or she opts for presumptive taxation underneath Portion 44AD. For almost any default in spending the advance tax , the assessee will probably be charged fascination Area 234C.
Penned down value of property is often computed just as if depreciation is and it has always been claimed around the assets
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