44 cash Secrets
44 cash Secrets
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The freelancer is, thus not able to post any added expenditure claims. On the other hand, he or she remains to be qualified to deduct Chapter VI-A costs for things like mediclaim premiums and LIC subscriptions.
In case of Portion 44AE, if taxpayer is usually a partnership organization, wage and interest paid out to companions is permitted as deduction from prescribed cash flow over
Just try to remember When your future employer refuses to send you a replica of a assured income proposal not signed then run away Do not wander away.It should be signed by a ceo of the organization Along with the day signed plus notarized in Bangkok.Your complete identify and title must accompany the authorized doc in addition.Therefore she refused the companies present of 73k baht. But she discovered a different IT situation that compensated 115k baht every month when seeking in Bangkok.
In accordance with Section 44ADA, a freelancer who may have picked the Presumptive Scheme is needed to declare fifty% of their gross cash flow as earnings. It can be possible to report profit for a predetermined proportion of receipts with no keeping any accounting information.
Of course I had been making on ordinary 85k regular monthly And that i lived nicely.But I moved to Malaysia which was on regular 50 % of what it fees in Bangkok for a far better Standard of living.Infrastructer and the transportation technique matters to me.But in addition to that Bangkok was just high-quality.
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In the above situation, Mr Ram can go with presumptive taxation In the event the tax is paid on 50% of gross receipts. Consequently, Ram can choose to spend tax underneath the presumptive plan of taxation beneath part 44ADA.
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