Cash flow from your career is obtainable in a lessen fee than fifty% from the gross receipts (i.e., the charges to be claimed is more than fifty% from the gross receipts) and the overall revenue is more than the basic exemption.
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Area 44AE – Standard books of account shall be maintained and audit shall be carried out irrespective of turnover or cash flow.
No concession in payment of advance tax. Exact same shall be paid in four installments as per common advance tax provisions
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Both equally actions of overall performance are dinged because of the temporary freeze in personal equity exits. IPO markets that slam shut at the merest ruffle and induce-shy company customers implies it can be difficult to provide portfolio companies.
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I am a chartered accountant, perfectly-versed within the ins and outs of revenue tax, GST, and holding the books balanced. Numbers are my issue, I'm able to sift by monetary statements and tax codes with the ideal of them. But there is certainly A further side to me – a aspect that thrives on text, not figures. Study additional