44 cash - An Overview
44 cash - An Overview
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Authorised representative indicates a one who represents One more particular person for the fee prior to a tribunal or any authority constituted beneath any law. It doesn't consist of an personnel of the person so represented or even a individual who is carrying on the profession of accountancy
Segment 44AE – Typical textbooks of account shall be maintained and audit shall be carried out irrespective of turnover or profits.
You should evaluate the laws within your condition to learn more with regards to the implications of not repaying a payday personal loan.
Grow your ask for to incorporate supplemental money alternatives that concentrate on consolidating unsecured financial debt.
If an assessee meets any of the following requirements, then they must retain books of accounts and get accounts audited beneath portion 44AB:
Displays the financial number of more info hours labored and of depart Employed in Every single category over the pay out period.
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Presumptive taxation scheme relieves little taxpayers from maintaining regular guides of account and have them audited. Threshold limits underneath 44AD and 44ADA amplified in Price range 2023.
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Part 44AD – As per Portion 44AD, where by a taxpayer opts for presumptive taxation scheme for almost any of your money year he is necessary to continue to decide for a similar for following five several years. If he fails to do so, he won't be eligible to go with presumptive taxation scheme u/s 44AD for five years succeeding the 12 months by which he opts out. Further, with respect to All those five fiscal many years wherever taxpayer is ineligible to opt for presumptive taxation plan u/s 44AD, typical books of account should be taken care of and audit shall be performed if complete revenue exceeds simple exemption Restrict.
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