Facts About 44 cash Revealed
Facts About 44 cash Revealed
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Section 44ADA – Regular publications of accounts are being maintained and acquire them audited if income exceeds essential exemption limit.
Presumptive taxation scheme allows the website taxpayers declare their taxable money in a prescribed level irrespective of true profit/gains and subsequently relieves them from the stress of keeping common guides of account and obtaining the similar audited.
Part 44ADA was introduced to extend the scheme of simplified presumptive taxation to specified pros. Before, the presumptive plan of tax was readily available only to smaller corporations.
Deduction of remuneration is not really allowed In case the companies income are taxed beneath the presumptive taxation section 44AD or 44ADA.
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