A Secret Weapon For 44 cash
A Secret Weapon For 44 cash
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Both equally the calculation being created for the interval during which the products carriage is owned from the taxpayer
Full advance tax is often compensated by final installment of advance tax i.e., fifteen March of the calendar year, in case of failure to do so, curiosity is leviable @ 1% on shortfall According to Segment 234C
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What is presumptive taxation? A presumptive taxation is often a technique during which a govt assumes a specific share of one's turnover/gross receipts as your taxable revenue no matter the expenditures incurred.
Immediately after choosing presumptive taxation, if your income goes beyond the set limit then You will need to Obtain your books audited.
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Note: Any sum compensated Through advance tax on or ahead of 31st day of March shall also be taken care of as progress tax paid out during the monetary calendar year ending on that working day.
Section 44ADA is really a special provision for calculating the taxable cash flow for modest industry experts in read more specified circumstances.
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