What Does 44 cash Mean?
What Does 44 cash Mean?
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No other deductions for enterprise charges that usually are permitted might be claimed eg. depreciation, lease, administrative costs and many others
No concession in payment of progress tax. Very same shall be compensated in 4 installments According to typical advance tax provisions
As a result the taxpayer can opt for the presumptive taxation scheme below part 44ADA plus the taxable revenue chargeable is 50% of the full receipts.
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What's presumptive taxation? A presumptive taxation is really a program in which a federal government assumes a particular share of one's turnover/gross receipts as your taxable money regardless of the expenses incurred.
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Allow converse a tad about Bangkok’s cash exchange scene prior to declaring areas with the top charges.
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The presumptive plan of taxation reduces the compliance stress on small professions and facilitates relieve of doing enterprise. Underneath the presumptive scheme of taxation, gains/taxable cash flow is presumed at fifty% from the gross receipts.
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