44 cash - An Overview
44 cash - An Overview
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6% of whole turnover or gross receipts of the tax yr been given by account payee cheque/financial institution draft, ECS by banking account on or just before due date of submitting the return of profits
The identify of the mysterious savior of Poland prophesied with the Polish national poet Adam Mickiewicz in his masterpiece dramatic poem Dziady (Forefathers): In scene five of act three, the priest Piotr announces a "reviver of your nation" who is to deliver back the misplaced freedom of Poland, and describes him Using these text:
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In the above mentioned illustration, the overall receipt is below the revised/improved presumptive Restrict of Rs. seventy five lakh and the cash receipt is under 5% of the full receipts.
Penned down price of property may be computed just as if depreciation is and has usually been claimed on the property
Presumptive taxation plan allows the taxpayers declare their taxable money at a prescribed amount irrespective of true profit/gains and in turn relieves them in the load of maintaining typical textbooks of account and receiving the identical audited.
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Just after opting for presumptive taxation, In the event your money goes outside here of the established limit then you have to Obtain your textbooks audited.
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Area 44AE – Standard guides of account shall be managed and audit shall be performed no matter turnover or money.
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