44 cash - An Overview
44 cash - An Overview
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If an assessee meets any of the next conditions, then they must retain guides of accounts and have accounts audited less than portion 44AB:
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In the event the Thai economy was liberalized in the nineteen seventies, the CP Group entered various organization negotiations with quite a few main Thai financial institutions, the Thai governing administration, and foreign firms. The CP Group would offer Thai farmers with chicks and feed and train breeders how to raise chickens when the farmers would offer the developed chickens again for the CP Group which processed the chickens and sold them to superior volume grocery merchants, places to eat, and quick food franchises throughout Thailand.
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No other deductions for business charges that are generally authorized can be claimed eg. depreciation, lease, administrative charges etc
Sure. In case you owe much more than INR ten,000 in taxes for that fiscal calendar year, You should pay back advance tax. In lieu of making 4 payments in ordinary situations, you need to fork out advance tax on or in advance of March fifteenth When you have picked a presumptive taxation program under portion 44AD or 44ADA.
In the above illustration, the full receipt is down below the revised/enhanced presumptive limit of Rs. seventy five lakh along with the cash receipt is fewer than five% of the overall receipts.
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