Examine This Report on 44 cash
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Hence in case, Assessee will not be accountable for Tax Audit below any with the clauses of Area 44AB, because of to benefit accessible below this clause. Consequently, with none computation, This may’t be ascertained.
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Segment 44ADA read more is often a Particular provision for calculating the taxable profits for modest experts in certain situations.
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Presumptive taxation scheme relieves smaller taxpayers from sustaining typical textbooks of account and obtain them audited. Threshold limits underneath 44AD and 44ADA greater in Budget 2023.