The 2-Minute Rule for 44 cash
The 2-Minute Rule for 44 cash
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Section 44AE – Common textbooks of account shall be taken care of and audit shall be carried out no matter turnover or money.
Regardless of choosing presumptive scheme less than segment 44ADA, taxpayer can declare portion 80 tax saving deductions and investments.
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Listing your more info overall obtainable cash flow including wages, retirement, investments, and rental Homes. You aren't expected to disclose revenue that's alimony, little one guidance or separate servicing Until you ought to use that revenue to qualify for any financial loan.
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In the above mentioned circumstance, Mr Ram can opt for presumptive taxation In case the tax is compensated on fifty% of gross receipts. Hence, Ram can choose to shell out tax underneath the presumptive plan of taxation under segment 44ADA.
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