Part 44AD – As per Section 44AD, the place a taxpayer opts for presumptive taxation plan for any with the money 12 months he is required to carry on to choose for a similar for following five years. If he fails to take action, he will not be eligible to select presumptive taxation plan u/s 44AD for 5 yrs succeeding the year during which he opts out. Even further, with regard to Those people five economical several years in which taxpayer is ineligible to go for presumptive taxation scheme u/s 44AD, frequent guides of account need to be maintained and audit shall be performed if overall money exceeds basic exemption Restrict.
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Oh,I saw expats in close proximity to Sukhumwit (generally Japanese) their business shell out for their tuition payment for the kids. Don’t forget to question about that. I suppose that you are from India, consuming vegetarian foodstuff can be an choice for reduce avg.
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In case you default around the payments of one's financial loan you might be chargeable for additional charges. At 44 cash we attempt to operate with lenders that use reasonable and lawful collection actions to rectify a personal loan that has not been repaid.
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Certainly, you are able to decide the two Area 44AD and Segment 44ADA alongside one another, if you have revenue from business as well as specified professionals.
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Section 44AE – Standard textbooks of account shall be preserved and audit shall be carried out no matter turnover or cash flow.
I want 44 cash to know me and my spouse and our 2 calendar year kid. What would be the monthly expense of living . We needn't bear rent ,utilities. If we Prepare dinner meals in household and send out our youngster to regular school. What would be the month-to-month cost.