44 cash for Dummies
44 cash for Dummies
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In the event of Area 44AE, if taxpayer is often a partnership organization, salary and interest compensated to associates is permitted as deduction from prescribed cash flow over
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(“Owns” also consists of merchandise carriage taken on employ the service of or installment where by the amount payable remains to be due)
Will I be allowed any deduction for virtually any expenditure incurred for investments and coverage premium below Part 80C and 80D, if I go with presumptive taxation?
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No other deductions for business enterprise expenses that usually are allowed is often claimed eg. depreciation, rent, administrative charges etc
To incorporate up the full amount of cash and coins you have got, website initially sort Each individual Be aware and coin In accordance with worth. Come up with a individual pile for every denomination and after that rely the quantity of of each Monthly bill or coin benefit you might have.
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