The Basic Principles Of 44 cash
The Basic Principles Of 44 cash
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If an assessee fulfills any of the subsequent standards, then they have to manage guides of accounts and have accounts audited beneath section 44AB:
[44] The main element aim of CP Foods plus the SSSC is in order that abuse of workers and harm to the maritime ecosystem in the Gulf of Thailand and Andaman Sea is really a point on the earlier, and to restore have faith in during the industry.
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The freelancer is, therefore unable to post any additional expenditure claims. Nonetheless, she or he remains suitable to deduct Chapter VI-A expenses for things like mediclaim rates and LIC subscriptions.
No, It's not Obligatory to decide Section 44AE, it really is optional, if you choose for ordinary provisions, Then you really might need to take care of publications of accounts and obtain precisely the same audited.
Following opting for presumptive taxation, Should your revenue goes beyond the established Restrict then It's important to Obtain your textbooks audited.
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