Investors — more and more desperate to see some cash back again — are by themselves extra centered on DPIs, effectively provided that cash in hand is worth more than an unrealised IRR within the bush.
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The limit is amplified to INR 75 lakhs if the entire quantity been given in cash isn't going to exceed 5 per cent of the total gross receipts of these types of preceding year.
Overall advance tax is usually paid out by past installment of advance tax i.e., fifteen March of the year, in case of failure to do so, desire is leviable @ 1% on shortfall According to Section 234C
In the above mentioned scenario, Mr Ram can opt for presumptive taxation if the tax is paid on fifty% of gross receipts. Consequently, Ram can prefer to pay back tax under the presumptive scheme of taxation below section 44ADA.
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Be aware: Any amount paid By the use of progress tax on or right before 31st working day of March shall even be handled as progress tax compensated in the course of the money year ending on that working day.
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The title of a mysterious savior of Poland prophesied because of the Polish countrywide poet Adam Mickiewicz in his masterpiece dramatic poem Dziady (Forefathers): In scene five of act 3, the priest Piotr announces a "reviver in the country" that is to bring again the dropped freedom of Poland, and describes him with these words and phrases:
No, It's not at all Obligatory to opt Section 44AE, it's optional, if you opt for ordinary provisions, Then you really may need to keep up textbooks of accounts and obtain a similar audited.
6% of total turnover or gross receipts of the tax yr received by account payee cheque/lender draft, ECS by way of bank account on or before owing date of filing the return of money
Of course, you could decide both equally Portion 44AD and Area 44ADA alongside one another, if you have earnings from company in addition to specified experts.