HELPING THE OTHERS REALIZE THE ADVANTAGES OF 44 CASH

Helping The others Realize The Advantages Of 44 cash

Helping The others Realize The Advantages Of 44 cash

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Gurus pointed out within the area can pay tax on their own gross receipts beneath part 44ADA, and they are able to opt for this scheme only if their full income would not exceed Rs.seventy five lakhs/fifty lakhs. 

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Deduction of remuneration is not allowed If your companies cash flow are taxed underneath the presumptive taxation portion 44AD or 44ADA.

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In the above case, Mr Ram can go with presumptive taxation if the tax is compensated on 50% of gross receipts. Hence, Ram can opt to fork out tax underneath the presumptive scheme of taxation underneath portion 44ADA. 

Major competitors Use a dirty minimal magic formula. They add concealed markups for their exchange rates - charging you far more without your understanding. And if they've got a payment, they charge you twice.

Part 44ADA gives an easy way of taxation for compact specialists. Part 44ADA offers a scheme of presumptive taxation for earnings and gains arising from professions described underneath Part 44AA(one) with the Income Tax Act, 1961.

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Composed down worth of property may be computed just as if depreciation is and it has generally been claimed on the property

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For the 1st several years of the businesses existence, the two brothers more info experimented to locate their particular sector area of interest.[twelve] By the nineteen fifties, the store began to concentrate on exporting animal feed, notably for chickens although the business enterprise struggled until finally the seventies once the Bangkok Financial institution asked it to assume Charge of a bankrupt hen farm. The store afterwards specialized in buying developed chickens for distribution to grocers and dining establishments with vertically integrated strategy of feed-milling operations with chicken breeding.[12] In 1969, the corporate experienced an yearly turnover of US$1–2 million.[13]

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