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Total progress tax can be compensated by very last installment of advance tax i.e., 15 March of the year, in case of failure to do so, fascination is leviable @ 1% on shortfall According to Segment 234C
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No, It's not at all compulsory to choose Section 44AE, it's optional, if you choose for typical provisions, Then you definitely might need to keep up publications of accounts and obtain a similar audited.
I'm a chartered accountant, perfectly-versed while in the ins and outs of money tax, GST, and preserving the textbooks balanced. Quantities are my detail, I am able to sift by means of money statements and tax codes with the most beneficial of these. But there's A different side to me – a side that thrives on terms, not figures. Examine extra
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Seems like us Chinese really need to invade your place.But haven't we presently? Thailand owes a great deal cash to China we currently own it.Bow to your new learn the CCP.
Presumptive taxation scheme relieves little taxpayers from retaining regular books of account and obtain them audited. Threshold limits under 44AD and 44ADA increased in Budget 2023.
No other deductions for organization bills that usually are authorized might be claimed eg. depreciation, rent, administrative fees and many others
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