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44 cash now is not liable for any on the terms offered to you. Fees, service fees, and conditions are straight selected through the lender.
If the professionals claim their cash flow to generally be fewer than 50% of their gross whole receipts in addition to should they exceed the the Restrict of gross receipt, then they can not opt for presumptive taxation.
No, it is not Obligatory to decide Section 44AE, it's optional, if you choose for standard provisions, Then you really may need to take care of guides of accounts and have a similar audited.
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In the above mentioned illustration, the whole receipt check here is beneath the revised/greater presumptive Restrict of Rs. 75 lakh as well as the cash receipt is lower than five% of the overall receipts.
Presumptive taxation scheme lets the taxpayers declare their taxable earnings in a prescribed charge irrespective of real income/gains and subsequently relieves them within the load of preserving typical guides of account and receiving the exact audited.
In case you default around the payments of your loan you may well be responsible for supplemental service fees. At forty four cash we strive to work with lenders that use good and authorized selection steps to rectify a loan that has not been repaid.
Presumptive taxation plan relieves little taxpayers from maintaining normal books of account and obtain them audited. Threshold boundaries beneath 44AD and 44ADA greater in Finances 2023.
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The assertion is produced Every pay out time period and is available to the employee as a result of EPP and may be mailed underneath Unique circumstances. It is accessible to the Agency via RPCT Reporting Heart.
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