44 cash No Further a Mystery
44 cash No Further a Mystery
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Part 44AD – Frequent textbooks of accounts are to become maintained if revenue exceeds The fundamental exemption limit and an audit shall be completed if disorders as per provisions of Portion 44AB are fulfilled.
All deductions for organization fees are considered to happen to be authorized. The moment revenue are taxed at 50% of your gross receipts, the harmony of 50% is deemed to get authorized in the direction of all the organization fees with the assessee.
No, It's not at all Obligatory to choose Portion 44AE, it can be optional, if you decide for usual provisions, Then you definately might require to keep up books of accounts and get precisely the same audited.
Gurus mentioned within the area can pay tax on their own gross receipts below area 44ADA, and they can opt for this plan provided that their overall profits isn't going to exceed Rs.75 lakhs/fifty lakhs.
Transportation: Fewer than sixty THB A technique metro ticket. But largely goes to only primary place. Bus protection and bus ailment are very weak.
But don’t in excess of stock just buy for one month since they could have promotion each month. You do not desire to sink your money with domestic solutions excessive. You might have a area for switching brand also if you're read more keen on to try new points.
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Groceries: Milk, meat, fruit and veggies with comparable quality to Europe would Price tag about 2 situations additional in BKK. Lesser good quality groceries remain very costly.
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A forty four-12 months-previous guy has been billed with possessing legal assets, concealing legal assets and getting into into an arrangement to amass criminal house.
6% of total turnover or gross receipts of the tax yr been given by account payee cheque/financial institution draft, ECS via banking account on or ahead of due date of submitting the return of profits