AN UNBIASED VIEW OF 44 CASH

An Unbiased View of 44 cash

An Unbiased View of 44 cash

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Hence the taxpayer can opt for that presumptive taxation scheme beneath part 44ADA and also the taxable profits chargeable is fifty% of the total receipts. 

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one. Chartered Accountant has to say particular clause of Part 44AB in Type 3CD , underneath which assessee is getting audited. The same clause must be pointed out whilst producing UDIN.

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I am a chartered accountant, very well-versed in the ins and outs of earnings tax, GST, and holding the guides balanced. Figures are my matter, I am able to sift by means of monetary statements and tax codes with the most beneficial of these. But there's another aspect to me – a side that thrives on phrases, not figures. Examine much more

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Presumptive taxation scheme allows the taxpayers declare their taxable cash flow in a prescribed level irrespective of true gain/gains and consequently relieves them from the stress of retaining common textbooks of account and obtaining the very same audited.

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Area 44ADA is actually a Exclusive provision for calculating the taxable profits for smaller professionals in sure instances.

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Below, we can Examine his taxable profits under typical provisions plus the presumptive plan as under:

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