Immunity from audit u/s 44AD is not available in the first year of Business even if income is below the basic exemption limit!
Immunity from audit u/s 44AD is not available in the first year of Business even if income is below the…
44AD
No restrictions on cash payment of Rs. 20,000/- per day if Taxpayer is offering income @ 8% u/s 44AD
Though section 40A(3) bars payment of Rs. 20,000/- in cash, it may interestingly be note that section 40A(3) is not…
40A(3) is not applicable if taxpayer is opting for presumptive taxation scheme u/s 44AD
Though section 40A(3) bars payment of Rs. 20,000/- in cash, it may interestingly be noted that section 40A(3) is…
 is not applicable if taxpayer is opting for presumptive taxation scheme u/s 44AD){kind=link}
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