The Restrict is enhanced to INR 75 lakhs if the whole volume gained in cash does not exceed 5 % of the whole gross receipts of these past year.

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To incorporate up the full amount of cash and cash you might have, very first sort Just about every Take note and coin In accordance with price. Make a different pile for each denomination and afterwards rely the amount of of each and every Monthly bill or coin worth you have.

There may be other exchange places of work and areas which i know the expat Discussion board end users point out which might be perfect for Individuals regularly exchanging or cashing in more substantial amounts, but for the normal traveller, the above mentioned will probably fit them high-quality.

This info tends to make the transfer of funds on your account in the situation of a bank loan present more rapidly and safer. Will this info be utilized to choose money outside of my account?

I have produced a personalized Google map for every from the methods outlined over. You'll be able to check with my customize maps under for getting a greater notion of the routes.

Exactly what is presumptive taxation? A presumptive taxation is a program where a government assumes a particular share of your respective turnover/gross receipts as your taxable income irrespective of the charges incurred.

I'm a chartered accountant, well-versed within the ins and outs of revenue tax, GST, and retaining the publications well balanced. Figures are my detail, I am able to sift as a result of economical statements and tax codes with the top of them. But there is certainly another side to me – a side that thrives on words and phrases, not figures. Browse a lot more

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Any person carrying on qualified business enterprise or occupation underneath Section 44AD or 44AE or 44ADA and statements earnings reduced when compared to the prescribed profits, is just not permitted to benefit from the reduction offered for routine maintenance of books of account and audit.

Indeed, you'll be able to opt each Section 44AD and Part 44ADA with each other, if you have income from small business in addition to specified specialists.

This information is made use of to circumvent fraud. Lenders won't ever Speak to your employer to disclose your loan inquiry. When you are on Advantages, enter your Added benefits company's cell phone number.

To the extent that this improves the force on personal fairness funds to capitulate, cutting pricetags to acquire assets out the door, it will damage for a longer time-term efficiency — whatever the measure employed To judge it.

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