How 44 cash can Save You Time, Stress, and Money.
How 44 cash can Save You Time, Stress, and Money.
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In the above mentioned circumstance, Mr Ram can opt for presumptive taxation if the tax is compensated on fifty% of gross receipts. Therefore, Ram can prefer to pay tax beneath the presumptive scheme of taxation less than part 44ADA.
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No, you will not be required to keep up textbooks of account when you finally go with presumptive taxation program.
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If an assessee satisfies any of the subsequent conditions, then they must preserve books of accounts and obtain accounts audited under part 44AB:
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