The Definitive Guide to 44 cash
The Definitive Guide to 44 cash
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No, it is not compulsory to opt Portion 44AE, it really is optional, if you decide for standard provisions, Then you definitely may need to maintain textbooks of accounts and acquire the same audited.
Use this cash calculator to include up the overall amount of cash for widespread denominations of payments, cash and rolled or bagged coins in these currencies:
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However, to supply relief to compact taxpayers from your laborous position of retaining publications of account and getting them audited, revenue tax law has launched the concept of presumptive taxation scheme.
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In the above mentioned case, Mr Ram can go for presumptive taxation Should the tax is paid out on fifty% of gross receipts. As a result, Ram can prefer to pay tax underneath the presumptive scheme of taxation below segment 44ADA.