The Fact About 44 cash That No One Is Suggesting

When you default to the payments of your respective financial loan you could be accountable for supplemental expenses. At forty four cash we try to work with lenders that use truthful and lawful assortment actions to rectify a bank loan which has not been repaid.

No, you won't be demanded to keep up books of account when you choose presumptive taxation program.

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Part 44AD – Frequent books of accounts are to be managed if earnings exceeds the basic exemption limit and an audit shall be carried out if conditions According to provisions of Part 44AB are fulfilled.

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In the above illustration, the overall receipt is below the revised/improved presumptive Restrict of Rs. 75 lakh as well as the cash receipt is a lot less than five% of the total receipts.

In the above mentioned circumstance, Mr Ram can choose presumptive taxation When the tax is paid out on fifty% of gross receipts. Consequently, Ram can opt to pay out tax beneath the presumptive plan of taxation under area 44ADA. 

Additionally, you will be necessary to shell out fascination click here underneath Sections 234B and 234C if you do not spend progress tax via the fiscal 12 months's 15th of March.

It is recommended you thoroughly critique the conditions of your mortgage prior to going ahead. Should you agree to the conditions, you will be directed into a webpage that will talk to for your personal e-signature.

Portion 44ADA –  Common books of accounts are to be preserved and have them audited if earnings exceeds basic exemption limit.

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