44 cash - An Overview

Partnership companies (Notice that minimal legal responsibility partnerships usually are not suitable to go for Portion 44ADA)

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Inspite of deciding get more info on presumptive scheme underneath segment 44ADA, taxpayer can assert area eighty tax conserving deductions and investments.

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Equally steps of performance are dinged with the non permanent freeze in non-public fairness exits. IPO marketplaces that slam shut within the merest ruffle and result in-shy company purchasers implies it truly is hard to offer portfolio companies.

In the above case, Mr Ram can go with presumptive taxation When the tax is paid out on fifty% of gross receipts. Hence, Ram can opt to pay out tax beneath the presumptive plan of taxation under segment 44ADA. 

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