About 44 cash
About 44 cash
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Authorised agent usually means a person who signifies One more particular person for a cost ahead of a tribunal or any authority constituted beneath any regulation. It doesn't include things like an employee of the individual so represented or perhaps a person who is carrying to the profession of accountancy
After you are matched by using a lender, and also your financial loan is accepted, the curiosity charges and costs that you'll incur in the course of repayment are going to be delivered to you.
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six% of overall turnover or gross receipts of a tax 12 months obtained by account payee cheque/lender draft, ECS by way of bank account on or in advance of because of day of submitting the return of revenue
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Presumptive taxation scheme allows the taxpayers declare their taxable revenue at a prescribed charge regardless of real profit/gains and consequently relieves them from the stress of sustaining regular books of account and getting the very same audited.
The presumptive plan of taxation minimizes the compliance load on smaller professions and facilitates simplicity of accomplishing organization. Beneath the presumptive plan of taxation, profits/taxable revenue is presumed at fifty% from the gross receipts.
Deduction of remuneration isn't allowed In the event the firms profits are taxed under the presumptive taxation part 44AD or 44ADA.
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Presumptive taxation scheme relieves small taxpayers from retaining common textbooks of account and obtain them audited. Threshold boundaries under 44AD and 44ADA elevated in Funds 2023.
Yes. If you owe over INR ten,000 in taxes for the fiscal year, You should pay advance tax. As an alternative to producing four payments in standard situation, you must fork out advance tax on or right before March fifteenth Should you have selected a presumptive taxation program under portion 44AD or 44ADA.
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