Details, Fiction and 44 cash
Details, Fiction and 44 cash
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If every one of the problems specified higher than are fulfilled, nevertheless the financial gain declared is fewer than 8% then is Tax Audit needed?
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(a) aggregate of all quantities received including amount of money acquired for revenue, turnover or gross receipts through the preceding calendar year, in cash, does not exceed 5 for every cent on the stated sum; and
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In case you default about the payments of the financial loan you may be liable for added expenses. At forty four cash now we try to work with lenders that use honest and authorized collection steps to rectify a financial loan which has not been repaid.
Right after deciding on presumptive taxation, When your revenue goes past the established limit then You will need to Obtain your publications audited.
The Restrict is enhanced to INR 75 lakhs if the overall sum obtained in cash will not exceed 5 % of the entire gross receipts of this sort of previous yr.
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