Details, Fiction and 44 cash
Details, Fiction and 44 cash
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The expression `gross turnover’ and `Internet turnover’ (or `gross profits’ and `Internet sales’) are sometimes used to distinguish the income aggregate right before and after deduction of returns and trade reductions”.
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Total advance tax may be paid by very last installment of progress tax i.e., fifteen March of the 12 months, in the event of failure to do so, interest is leviable @ 1% on shortfall According to Section 234C
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It appears like you have not current your personal information for quite a while. You should affirm or overview the main points We have now on file are upto day.
In the above illustration, the entire receipt is underneath the revised/greater presumptive limit of Rs. 75 lakh as well as cash receipt is below five% of the entire receipts.
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This information and facts would make the transfer of resources on your account in the case of a mortgage give a lot quicker and more secure. Will this data be utilized to consider resources out of my account?
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Portion 44ADA – Common textbooks of accounts are to be preserved and get them audited if money exceeds primary exemption limit.
No other deductions for organization costs that usually are permitted is often claimed eg. depreciation, hire, administrative charges and many others
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