The Greatest Guide To 44 cash
The Greatest Guide To 44 cash
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The Restrict is elevated to INR seventy five lakhs if the entire total gained in cash does not exceed 5 per cent of the overall gross receipts of these previous calendar year.
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Entire advance tax is often compensated by previous installment of advance tax i.e., 15 March of the yr, in the event of failure to take action, fascination is leviable @ 1% on shortfall According to Part 234C
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I need to know me and my spouse and our two 12 months child. What will be the regular monthly price of residing . We need not bear lease ,utilities. If we Cook dinner foods in house and deliver our youngster to normal university. What would be the regular cost.
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Nonetheless, the elevated limit are going to be accessible provided that the cash receipt won't exceed 5% of the overall receipt of your organization or profession as the situation could be.
The presumptive scheme of taxation decreases the compliance stress on smaller professions and facilitates simplicity of undertaking business. Underneath the presumptive plan of taxation, earnings/taxable income is presumed at 50% of your gross receipts.
Portion 44ADA – Frequent textbooks of accounts are to get preserved and obtain them audited if earnings exceeds simple check here exemption Restrict.
I have a proposal of 240k THB a month ahead of tax. Shifting in Bangkok with spouse and kid heading in 3rd conventional. He must enroll in Intercontinental university.
Will I be allowed any deduction for almost any expenditure incurred for investments and insurance coverage top quality underneath Segment 80C and 80D, if I choose presumptive taxation?
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