A Secret Weapon For 44 cash
A Secret Weapon For 44 cash
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No, it is not compulsory to decide Section 44AE, it truly is optional, if you choose for standard provisions, You then may need to maintain books of accounts and have the identical audited.
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You will also be necessary to pay desire beneath Sections 234B and 234C If you don't spend advance tax via the fiscal calendar year's 15th of March.
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Total progress tax is often compensated by past installment of progress tax i.e., fifteen March of the 12 months, in the event of failure to take action, desire is leviable @ one% on shortfall According to Portion 234C
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Area 44AE – Common books of account shall be preserved and audit shall be performed irrespective of turnover or earnings.
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