Considerations To Know About 44 cash
Considerations To Know About 44 cash
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Additionally, you will be needed to pay fascination underneath Sections 234B and 234C If you don't spend advance tax with the fiscal yr's 15th of March.
Whole progress tax could be paid out by very last installment of progress tax i.e., 15 March of a 12 months, in the event of failure to take action, desire is leviable @ 1% on shortfall as per Portion 234C
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Presumptive taxation underneath Sec 44ADA simplifies tax calculation for compact gurus. Part 44ADA outlines principles and Rewards, with limits revised in Funds 2023.
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Section 44ADA is usually a Particular provision for calculating the taxable profits for little experts in selected situations.
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If an assessee meets any of the next conditions, then they need to preserve textbooks of accounts and get accounts audited underneath segment 44AB:
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