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Will I be allowed any deduction for any expenditure incurred for investments and insurance high quality below Area 80C and 80D, if I go for presumptive taxation?
forty four cash now is not answerable for any on the conditions introduced for you. Premiums, expenses, and terms are immediately decided on by the lender.
Segment 44AE – Regular textbooks of account shall be preserved and audit shall be completed no matter turnover or money.
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No, It isn't compulsory to decide Area 44AE, it is optional, if you decide for typical provisions, Then you certainly might have to maintain publications of accounts and get the identical audited.
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Major human rights abuses have been reported listed here and within the province, whereby area Thai police collude with community small business and mafia in trafficking Burmese slave labour, soon after many years of significant refugee camps accumulating around the Thai side in the border.[10]
Overall progress tax is usually compensated by last read more installment of progress tax i.e., fifteen March of the calendar year, in the event of failure to take action, desire is leviable @ one% on shortfall as per Section 234C