Considerations To Know About 44 cash
Considerations To Know About 44 cash
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The presumptive scheme of taxation lowers the compliance stress on tiny professions and facilitates ease of performing organization. Beneath the presumptive scheme of taxation, profits/taxable profits is presumed at fifty% with the gross receipts.
Full advance tax is usually paid by previous installment of progress tax i.e., 15 March of the yr, in the event of failure to do so, interest is leviable @ one% on shortfall as per Segment 234C
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However, the enhanced limit are going to be available provided that the cash receipt will not exceed five% of the full receipt with the small business or profession as the case could be.
No, you won't be required to maintain textbooks of account when you finally select presumptive taxation program.
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It is usually recommended you thoroughly evaluation the phrases on the mortgage ahead of transferring forward. For those who comply with the terms, you can be directed into a webpage that should inquire for your e-signature.
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