What Does 44 cash Mean?
What Does 44 cash Mean?
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Total advance tax is often paid by very last installment of advance tax i.e., 15 March of a calendar year, in case of failure to do so, curiosity is leviable @ one% on shortfall as per Section 234C
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Beneath the revenue tax regulations, an individual engaged in prescribed company or job is required to mandatorily manage publications of account, prepare monetary statements and obtain his accounts audited. Additional, income/loss According to this kind of fiscal statements could be deemed to arrive at taxable revenue soon after creating important changes.
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Nonetheless, to provide reduction to modest taxpayers within the wearisome job of protecting books of account and receiving them audited, income tax legislation has released the principle of presumptive taxation plan.
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Both equally the calculation being created for the period throughout which the goods carriage is owned through the taxpayer