What Does 44 cash Mean?
What Does 44 cash Mean?
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Area 44AD – Standard publications of accounts are to be managed if cash flow exceeds The essential exemption limit and an audit shall be completed if disorders According to provisions of Segment 44AB are fulfilled.
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No other deductions for enterprise charges that are usually allowed is often claimed eg. depreciation, lease, administrative fees and many others
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If an assessee fulfills any of the following standards, then they must manage publications of accounts and acquire accounts audited beneath area 44AB:
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