5 Simple Statements About 44 cash Explained
5 Simple Statements About 44 cash Explained
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If an assessee meets any of the subsequent conditions, then they must keep books of accounts and get accounts audited under portion 44AB:
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As part of that approach, CP Foods has lowered the volume of suppliers who supply fishmeal with the production of shrimp feed.
No other deductions for enterprise charges that usually are permitted is often claimed eg. depreciation, lease, administrative expenditures etcetera
Both the calculation to generally be built to the period during which the products carriage is owned from the taxpayer
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Segment 44ADA – Standard textbooks of accounts are to become maintained and have them audited if profits exceeds simple exemption Restrict.
Authorised agent means a person who represents An additional individual for any price ahead of a tribunal or any authority constituted less than any legislation. It doesn't incorporate an personnel of the person so represented or even a one who is carrying around the profession of accountancy