44 cash - An Overview
Displays the volume of hrs worked and the quantity of hours of depart Utilized in Each individual classification during the spend time period.Even so, to offer aid to little taxpayers through the cumbersome occupation of sustaining books of account and obtaining them audited, income tax law has introduced the thought of presumptive taxation plan.
After deciding on presumptive taxation, Should your income goes outside of the established Restrict then You will need to get your publications audited.
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Shows the monetary amount of hrs worked and of go away used in each group over the pay out time period.
Anyone carrying on eligible small business or job under Part 44AD or 44AE or 44ADA and claims profit decreased than the prescribed cash flow, just isn't permitted to benefit from the reduction supplied for servicing of books of account and audit.
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