A Secret Weapon For 44 cash

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Full progress tax may be paid out by past installment of advance tax i.e., 15 March of the yr, in case of failure to take action, desire is leviable @ one% on shortfall According to Part 234C

No, it is not Obligatory to opt Section 44AE, it is optional, if you opt for ordinary provisions, Then you definitely might require to keep up guides of accounts and acquire the identical audited.

All deductions for enterprise costs are considered to happen to be permitted. The moment income are taxed at 50% in the gross receipts, the harmony of fifty% is considered to generally be permitted in direction of each of the company expenses of your assessee. 

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They can be fed because of the neighborhood men and women, Primarily in the course of the Monkey Festival. This Pageant usually occurs on the final Sunday of November. The monkeys can be aggressive, will not be scared of human beings, and sometimes steal whatsoever products or food they are able to come across from unwary website visitors. Most of the accommodations and guesthouses in Lopburi are "monkey-proofed", employing screen wire, or by screwing the windows shut.

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I'm a chartered accountant, very well-versed in the ins and outs of profits tax, GST, and preserving the textbooks balanced. Quantities are my issue, I can sift by way of money statements and tax codes with the most effective of them. But there's Yet another aspect to me – a facet that thrives on text, not figures. Read more

The freelancer is, hence unable to post any more price statements. Nonetheless, he / she remains to be suitable to deduct Chapter VI-A fees for such things as mediclaim premiums and LIC subscriptions.

No concession in payment of advance tax. Same shall be paid out in four installments as per normal progress tax provisions

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