5 Simple Statements About 44 cash Explained
5 Simple Statements About 44 cash Explained
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Precisely what is presumptive taxation? A presumptive taxation is really a program in which a authorities assumes a particular proportion of the turnover/gross receipts as your taxable earnings no matter the charges incurred.
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All deductions for small business costs are deemed to have already been authorized. After profits are taxed at fifty% from the gross receipts, the harmony of 50% is deemed being permitted towards all the business enterprise expenditures with the assessee.
In the event you default about the payments of your respective bank loan you could be chargeable for more charges. At 44 cash we strive to operate with lenders that use reasonable and authorized selection actions to rectify a bank loan that has not been repaid.
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If an assessee satisfies any of the following conditions, then they must keep textbooks of accounts and get accounts audited below segment 44AB:
Certainly. For those who owe much more than INR ten,000 in taxes for that fiscal yr, You should pay back progress tax. Instead of creating four payments in regular situations, you have to fork out advance tax on or ahead of March 15th When you have selected a presumptive taxation method beneath part 44AD or 44ADA.
paying on foodstuff.If you work in the vicinity of Sukhumwit you are able to Are living in close proximity to Thonglor too. A more info condominium with a deep entrance might assist reduce the hire. Or put close to the BTS line but a lot more significantly from Sukhumwit 32 is more much less expensive.
Presumptive taxation scheme relieves compact taxpayers from keeping frequent books of account and obtain them audited. Threshold restrictions below 44AD and 44ADA increased in Spending budget 2023.
No other deductions for business enterprise expenses that are usually authorized can be claimed eg. depreciation, lease, administrative bills and so forth
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