A Review Of 44 cash

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Just after picking presumptive taxation, When your cash flow goes further than the established Restrict then you have to Get the publications audited.

To add up the entire degree of cash and coins you have got, initial type Each individual Notice and coin Based on benefit. Come up with a independent pile for each denomination after which depend the quantity of of each and every bill or coin benefit you have.

Part 44AE – Common publications of account shall be maintained and audit shall be completed irrespective of turnover or income.

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If an assessee meets any of the next conditions, then they need to manage books of accounts and acquire accounts audited less than section 44AB:

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For those who default to the payments within your bank loan you may be accountable for additional charges. At 44 cash now we try to work with lenders that use good and legal collection steps to rectify a bank loan which has not been repaid.

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