Indicators on 44 cash You Should Know
Indicators on 44 cash You Should Know
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In the above mentioned circumstance, Mr Ram can go for presumptive taxation If your tax is paid out on 50% of gross receipts. Consequently, Ram can choose to pay out tax beneath the presumptive scheme of taxation less than section 44ADA.
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Deduction of remuneration is not permitted When the companies money are taxed underneath the presumptive taxation segment 44AD or 44ADA.
Listed here, we could Examine his taxable money beneath typical provisions as well as the presumptive scheme as under:
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