44 cash Options
44 cash Options
Blog Article
Presumptive taxation below Sec 44ADA simplifies tax calculation for small professionals. Portion 44ADA outlines principles and Added benefits, with boundaries revised in Funds 2023.
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Speedy Mortgage Immediate highlights the significance of an crisis fund and swift financial methods for quick requires.
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Complete advance tax could be paid by past installment of advance tax i.e., fifteen March of a calendar year, in the event of failure to do so, curiosity is leviable @ one% on shortfall as per Segment 234C
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Presumptive taxation scheme relieves smaller taxpayers from maintaining common books of account and obtain them audited. Threshold limits under 44AD and 44ADA greater in Budget 2023.
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Segment 44ADA was launched to extend the plan of simplified presumptive taxation to specified industry experts. Earlier, more info the presumptive plan of tax was obtainable only to compact enterprises.
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