About 44 cash
About 44 cash
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If each of the ailments specified higher than are fulfilled, though the profit declared is below 8% then is Tax Audit required?
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6% of full turnover or gross receipts of the tax yr acquired by account payee cheque/financial institution draft, ECS by means of checking account on or just before because of day of filing the return of income
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For this reason in the event, Assessee is not really chargeable for Tax Audit below any of your clauses of Portion 44AB, because of to profit readily available under this clause. Consequently, with none computation, This may’t be ascertained.
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Both of those the calculation to generally be built with the interval throughout which the goods carriage is owned because of the taxpayer
Soon after opting for presumptive taxation, If the income goes further than the established limit then You should get your textbooks audited.
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