44 cash - An Overview
44 cash - An Overview
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Therefore the taxpayer can decide for the presumptive taxation scheme under part 44ADA plus the taxable money chargeable is fifty% of the whole receipts.
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In the above mentioned case, Mr Ram can select presumptive taxation If your tax is paid out on 50% of gross receipts. Therefore, Ram can opt to pay tax beneath the presumptive scheme of taxation beneath segment 44ADA.
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I am a chartered accountant, very well-versed within the ins and outs of revenue tax, GST, and preserving the books well balanced. Figures are my factor, I'm able to sift by financial statements and tax codes with the most beneficial of them. But there is An additional facet to me – a aspect that thrives on words, not figures. Read through a lot more
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