44 cash Things To Know Before You Buy
44 cash Things To Know Before You Buy
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If an assessee satisfies any of the following conditions, then they have to keep books of accounts and have accounts audited under area 44AB:
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Segment 44ADA is usually a Unique provision for calculating the taxable money for little industry experts in selected conditions.
Entire progress tax might be paid by last installment of advance tax i.e., fifteen March of the 12 months, in the event of failure to do so, fascination is leviable @ one% on shortfall According to Portion 234C
Despite opting for presumptive plan less than area 44ADA, taxpayer can assert section 80 tax conserving deductions and investments.
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Segment 44AE – Normal publications of account shall be taken care of and audit shall be performed irrespective of turnover or income.
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