44 cash Options
44 cash Options
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No other deductions for business enterprise expenses that are frequently authorized might be claimed eg. depreciation, rent, administrative bills and so forth
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Certainly, you'll be able to choose both equally Part 44AD and Part 44ADA jointly, In case you have earnings from organization as well as specified experts.
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Presumptive taxation plan relieves little taxpayers from retaining regular books of account and obtain them audited. Threshold limitations under 44AD and 44ADA improved in Budget 2023.
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Bigger Notes: Substantial notes at several Trade areas generally produce a far better amount than scaled-down denominations. It’s also worthy of taking cleanse and crisp notes if here at all possible.
Portion 44AD – Typical publications of accounts are to generally be preserved if money exceeds the basic exemption limit and an audit shall be carried out if circumstances According to provisions of Segment 44AB are fulfilled.
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Part 44AE – Standard books of account shall be taken care of and audit shall be carried out irrespective of turnover or money.