44 cash Can Be Fun For Anyone
➜Total advance tax is usually paid out by last installment of advance tax i.e., 15 March of the yr, in the event of failure to do so, fascination is leviable @ 1% on shortfall as per Segment 234C
(“Owns” also contains items carriage taken on employ or installment exactly where the quantity payable is still due)
The federal government has launched the presumptive taxation scheme underneath part 44AD to present reduction to smaller taxpayers possessing small business profits.
ITR four can be used to file money from organization taxable less than section 44AD, 44ADA and 44AE, income from brokerage has long been specifically excluded with the scope of Segment 44AD for this reason you can’t file ITR 4.
starstarstarstar It is actually a pond Positioned north of the great lake of Sakon Nakhon. When a lot of lotuses are in bloom, it is excellent but It's also a wonderful position the remainder of the time. A bucolic location to rest, stroll and find several kinds of this aquatic flower.
Therefore, he is not eligible to go for a presumptive scheme for five years. In any of such 5 years, if his taxable revenue exceeds The essential exemption limit, he is liable to take care of publications of accounts and do a tax audit for the applicable financial 12 months.
An assessee is liable to pay his or her advance tax in just one installment on or prior to the fifteenth of March of every money year if she or he opts for presumptive taxation less than Segment 44AD. For virtually any default in paying the advance tax , the assessee might be charged curiosity Section 234C.
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