Everything about 44 cash
Everything about 44 cash
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If your taxpayer simply cannot opt for a presumptive income plan for that 5 years, i.e. he has not complied with portion 44AD(4), and his full cash flow exceeds the amount not chargeable to tax, he is liable to keep up guides of accounts.
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The full accumulated turnover that all the businesses make during the course of your financial many years shall be taken into consideration when proclaiming deductions under Area 44AD.
Often the Tits group is taken into account a 17th non-rigorous easy team of Lie kind, or a twenty seventh sporadic group, which would produce a complete of 45 courses of finite straightforward teams.
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