Experts stated inside the area pays tax on their gross receipts less than section 44ADA, and they're able to select this plan only if their full earnings won't exceed Rs.seventy five lakhs/fifty lakhs.
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The company is the single major investor in Mainland China right now commanding about a fifth of China's entire feed food industry.[10] The company registration number was "0001." Through its in depth investments, CP Team has been credited with transforming the place's dietary habits and leading China's green revolution.[eleven]
The Restrict is enhanced to INR seventy five lakhs if the entire amount of money obtained in cash would not exceed 5 percent of the full gross receipts of these preceding yr.
Portion 44AE – Regular textbooks of account shall be maintained and audit shall be performed regardless of turnover or income.
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six% read more of full turnover or gross receipts of the tax 12 months obtained by account payee cheque/bank draft, ECS by means of bank account on or before due day of submitting the return of profits
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