Not known Factual Statements About 44 cash
Not known Factual Statements About 44 cash
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Industry experts stated inside the area will pay tax on their gross receipts below section 44ADA, and they will select this plan only if their overall revenue does not exceed Rs.seventy five lakhs/fifty lakhs.
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Deduction of remuneration is not really permitted In the event the companies income are taxed under the presumptive taxation section 44AD or 44ADA.
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Equally the calculation for being designed for that time period all through which the products carriage is owned from the taxpayer
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Revenue through the profession is obtainable at a reduced fee than 50% with the gross receipts (i.e., the costs being claimed is more than 50% of the gross receipts) and the full earnings is much more than the basic exemption.
No, It's not at all Obligatory to opt Area 44AE, it is actually optional, if you opt for typical provisions, then you might have to maintain guides of accounts and obtain exactly the same audited.
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