44 cash - An Overview
44 cash - An Overview
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Continue to, Cisco has been while in the information this yr for the hearty bout of layoffs in February, plus the the latest announcement that they'd be shedding seven% of the corporate’s workforce in August.
Men and women, HUFs or partnership corporations being eligible for opting for presumptive earnings u/s 44AD should not Possess a turnover of greater than Rs two crore (Rs. three crore subject to the ailment that 95% from the receipts must be through online modes).
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I am a chartered accountant, effectively-versed within the ins and outs of earnings tax, GST, and maintaining the textbooks balanced. Numbers are my factor, I am able to sift by way of fiscal statements and tax codes with the most effective of them. But you will find Yet another facet to me – a side that thrives on phrases, not figures. Browse extra
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If a taxpayer adopts a presumptive tax scheme, he / she is not really required to maintain any guides of accounts underneath portion 44AD. He or she just really have to declare his / her presumptive cash flow on The premise of six% or eight% (as applicable)of the more info entire turnover or gross receipts of last calendar year
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