About 44 cash
About 44 cash
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Consequently the taxpayer can decide for your presumptive taxation scheme under part 44ADA and also the taxable profits chargeable is fifty% of the full receipts.
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Traders — more and more desperate to see some cash back — are themselves a lot more focused on DPIs, effectively on condition that cash in hand is well worth more than an unrealised IRR inside the bush.
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Presumptive taxation plan relieves smaller taxpayers from keeping regular guides of account and obtain them audited. Threshold limitations below 44AD and 44ADA elevated in Budget 2023.