44 cash Fundamentals Explained
44 cash Fundamentals Explained
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Precisely what is presumptive taxation? A presumptive taxation is a procedure where a authorities assumes a certain share of your respective turnover/gross receipts as your taxable cash flow regardless of the expenditures incurred.
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Immediately after opting for presumptive taxation, If the money goes over and above the established Restrict then It's important to Get the publications audited.
Portion 44ADA – Typical publications of accounts are to get maintained and acquire them audited if profits exceeds fundamental exemption Restrict.
Of course, you'll be able to decide both equally Part 44AD and Section 44ADA alongside one another, When you've got earnings from organization and specified gurus.
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No concession in payment of progress tax. Exact shall be compensated in 4 installments According to typical advance tax provisions
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