Rumored Buzz on 44 cash
Rumored Buzz on 44 cash
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Complete advance tax could be paid by past installment of progress tax i.e., 15 March of a 12 months, in the event of failure to do so, fascination is leviable @ one% on shortfall According to Part 234C
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Presumptive taxation beneath Sec 44ADA simplifies tax calculation for smaller experts. Portion 44ADA outlines regulations and Positive aspects, with boundaries revised in Finances 2023.
Total progress tax is usually paid by previous installment of progress tax i.e., fifteen March of the yr, in the event of failure to take action, interest is leviable @ 1% on shortfall as per Part 234C
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Presumptive taxation plan relieves small taxpayers from preserving frequent publications of account and get them audited. Threshold boundaries below 44AD and 44ADA increased in Funds 2023.
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