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Portion 44ADA – Standard guides of accounts are for being taken care of and have them audited if income exceeds simple exemption Restrict.
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The overall quantity of candles lit over the menorah throughout the Jewish vacation of Chanukah, which starts off to the twenty fifth day with the Hebrew month of Kislev and ends to the 2nd or the third day of Tevet.
Presumptive taxation underneath Sec 44ADA simplifies tax calculation for small pros. Part 44ADA outlines regulations and Gains, with limits revised in Spending budget 2023.
Soon after deciding on presumptive taxation, When your revenue goes over and above the set Restrict then It's important to Get the books audited.
Will I be authorized any deduction for just about any expenditure incurred for investments and insurance top quality underneath Section 80C and 80D, if I choose presumptive taxation?
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