The Basic Principles Of 44 cash

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Total advance tax is often compensated by past installment of advance tax i.e., 15 March of the yr, in case of failure to do so, fascination is leviable @ one% on shortfall According to Part 234C

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I'm a chartered accountant, properly-versed from the ins and outs of revenue tax, GST, and trying to keep the books balanced. Quantities are my issue, I can sift via fiscal statements and tax codes with the ideal of them. But there's Yet another facet to me – a side that thrives on phrases, not figures. Read far more

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Irrespective of picking presumptive scheme less than part 44ADA, taxpayer can claim part eighty tax conserving deductions and investments.

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Equally the calculation to become built to the period in the course of which the goods carriage is owned by the taxpayer

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