A Simple Key For 44 cash Unveiled
A Simple Key For 44 cash Unveiled
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If an assessee fulfills any of the following standards, then they need to preserve textbooks of accounts and have accounts audited under segment 44AB:
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The Restrict is enhanced to INR seventy five lakhs if the full quantity gained in cash does not exceed five % of the entire gross receipts of these kinds of previous yr.
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Presumptive taxation techniques To alleviate tiny taxpayers are provided less than Portion 44AD, 44ADA and 44AE. When Portion 44ADA is for specialists Portion 44AD and 44AE considerations smaller business enterprise taxpayers. Let's fully grasp them in detail.
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Advanced A.I. technological know-how made solely by vLex editorially enriches lawful information and facts to make it obtainable, with quick translation into fourteen languages for Improved discoverability and comparative analysis.
State-of-the-art A.I. know-how made exclusively by vLex editorially enriches authorized information to really make it accessible, with instant translation into fourteen languages for enhanced discoverability and comparative research.