The 2-Minute Rule for 44 cash
The 2-Minute Rule for 44 cash
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The Restrict is increased to INR seventy five lakhs if the entire quantity received in cash does not exceed 5 p.c of the total gross receipts of these types of previous calendar year.
I am a chartered accountant, effectively-versed from the ins and outs of revenue tax, GST, and maintaining the textbooks balanced. Figures are my thing, I am able to sift by way of fiscal statements and tax codes with the most beneficial of these. But there's A different side to me – a facet that thrives on phrases, not figures. Read through additional
which, inside our belief, should be answered during the negative. Report 2291, R. C. S. 1925, supplies that: "The clerk shall preserve a motion docket wherein he shall enter every movement filed in his courtroom, the names of the parties as well as their Lawyers, a quick assertion of its mother nature, and the amount of the fit in which it truly is designed if it pertains to a fit pending. * * * Observe of a movement in the fit pending is supplied by filing the motion and its entry during the motion docket throughout the expression. * * *" Whilst we don't deem it important to ascertain no matter whether, just after dismissal and right before reinstatement, the case experienced the position of "a accommodate pending" within the this means of the statute, but we've been inclined to your see expressed in Hexter v. Pratt (Tex. Com. App.) 10 S.W.(second) 692, 694, with reference to a case On this issue, where by the court docket claimed: "It [the judgment of dismissal] is precisely what it purports to get, a willpower of a lack of diligence in prosecuting the fit for which it really is stricken through the docket. It effectually set an conclude to the particular proceeding, but was totally ineffectual to find out the deserves in the claim therein asserted." Having said that, if we think, Though we do not so choose, that the situation, just after becoming dismissed and ahead of its reinstatement, was "a accommodate pending," throughout the this means of your statute, however, under the instances, defendant wasn't frequented with statutory or constructive notice from the proceedings, since no motion to reinstate was ever filed or entered on the movement docket, and it's only in the event the statute With this respect is complied with that constructive notice of this kind of movement is click here visited upon the adverse party. So from the absence of either genuine or constructive notice from the proceedings that resulted from the rendition of judgment against him, we predict defendant showed fair justification for his absence; furthermore, he exhibited meritorious defenses to plaintiff's cause of motion, and we fail to determine how plaintiff might be materially prejudiced by granting defendant a fresh trial. ...
No, It isn't compulsory to decide Portion 44AE, it is optional, if you opt for usual provisions, Then you definitely may have to maintain textbooks of accounts and obtain the exact same audited.
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Anyone carrying on eligible business enterprise or occupation underneath Part 44AD or 44AE or 44ADA and claims profit decreased than the prescribed cash flow, just isn't permitted to take pleasure in the relief given for routine maintenance of books of account and audit.
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No concession in payment of advance tax. Exact same shall be paid out in four installments According to regular progress tax provisions
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