In the above mentioned situation, Mr Ram can go for presumptive taxation Should the tax is paid out on fifty% of gross receipts. Consequently, Ram can decide to shell out tax under the presumptive scheme of taxation below segment 44ADA. Major rivals Possess a soiled small secret. They increase hidden markups for their exchange rates - charging you
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I'm a chartered accountant, nicely-versed inside the ins and outs of revenue tax, GST, and retaining the books balanced. Quantities are my matter, I'm able to sift as a result of monetary statements and tax codes with the most effective of them. But you can find An additional aspect to me – a facet that thrives on words and phrases, not figures.
Professionals outlined from the section can pay tax on their gross receipts less than area 44ADA, and they can opt for this scheme only if their complete cash flow won't exceed Rs.seventy five lakhs/50 lakhs. When there are several ATMs in every single city and city in Thailand, working with them commonly can finish up racking up service fees from