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Displays the number of hrs labored and the quantity of hours of depart Employed in Every group yr so far.
No, It isn't Obligatory to choose Area 44AE, it is optional, if you choose for ordinary provisions, Then you really may need to take care of books of accounts and have the exact same audited.
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Following deciding on presumptive taxation, if your income goes further than the established Restrict then You should Obtain your guides audited.
Observe: Any volume paid By means of progress tax on or prior to 31st day of March shall even be taken care of as advance tax paid out through the financial yr ending on that working day.
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Irrespective of picking presumptive scheme beneath part 44ADA, taxpayer can claim segment eighty tax preserving deductions and investments.
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The composed down benefit (WDV) of belongings for tax uses shall be calculated as on the depreciation is authorized every year. This WDV would be the worth of the asset for tax purposes inside of a scenario exactly where the asset is bought later on by the assessee.