44 cash - An Overview
44 cash - An Overview
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The expression `gross turnover’ and `net turnover’ (or `gross revenue’ and `Internet revenue’) are occasionally made use of to tell apart the revenue combination ahead of and immediately after deduction of returns and trade discount rates”.
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Presumptive taxation underneath Sec 44ADA simplifies tax calculation for smaller experts. Portion 44ADA outlines principles and benefits, with limitations revised in Finances 2023.
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No concession in payment of advance tax. Same shall be paid in 4 installments as per regular advance tax provisions
All deductions for small business bills are considered to happen to be allowed. When profits are taxed at fifty% with the gross receipts, the stability of fifty% is deemed to be allowed toward many of the business expenditures from the assessee.
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