44 cash - An Overview
44 cash - An Overview
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There are already numerous attempts by earlier governments to establish an SEZ in Tak since the province is often a centre of border trade with Myanmar, which also connects to your Indian marketplace.
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Specialists outlined within the section pays tax on their gross receipts below section 44ADA, and they will choose this scheme only if their full cash flow does not exceed Rs.seventy five lakhs/fifty lakhs.
Segment 44AE – Regular guides of account shall be managed and audit shall be completed irrespective of turnover or earnings.
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Partnership corporations (Observe that restricted liability partnerships are certainly not eligible to select Segment 44ADA)
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Presumptive taxation plan relieves modest taxpayers from keeping typical textbooks of account and obtain them audited. Threshold restrictions beneath 44AD and 44ADA increased in Finances 2023.
(“Owns” also consists of goods carriage taken on hire or installment in which the quantity payable remains due)
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