A Secret Weapon For 44 cash
A Secret Weapon For 44 cash
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No concession in payment of advance tax. Exact same shall be compensated in 4 installments as per common progress tax provisions
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Under the money tax rules, an individual engaged in prescribed company or career is needed to mandatorily retain guides of account, prepare economical statements and acquire his accounts audited. More, gain/loss as per these kinds of money statements can be deemed to arrive at taxable earnings just after creating essential changes.
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Penned down worth of belongings is often computed like depreciation is and has usually been claimed on the property
No, It's not necessarily Obligatory to choose Portion 44AE, it's optional, if you opt for normal provisions, You then might have to maintain textbooks of accounts and acquire the identical audited.
Additionally, you will be needed to pay back desire less than Sections 234B and 234C if you do not shell out advance tax by the fiscal year's 15th of March.
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