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Segment 44AD – Common publications of accounts are to get taken care of if cash flow exceeds The essential exemption Restrict and an audit shall be performed if problems as per provisions of Section 44AB are fulfilled.
The written down price (WDV) of assets for tax uses shall be calculated as of your depreciation has been authorized annually. This WDV could be the worth with the asset for tax reasons in the case the place the asset is marketed later via the assessee.
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Total progress tax can be paid out by final installment of advance tax i.e., 15 March of the yr, in case of failure to do so, desire is leviable @ 1% on shortfall as per Part 234C
You will find forty-four lessons of finite very simple teams that arise from 4 basic households of this kind of teams:
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Losses can potentially exceed the Original demanded deposit. You must total an selections investing application and obtain approval on qualified accounts. You should examine the Properties and Risks of Standardized Solutions just before trading selections.
Written down worth of belongings might be computed as if depreciation is and it has always been claimed to the assets
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