The limit is improved to INR seventy five lakhs if the whole volume acquired in cash won't exceed 5 percent of the whole gross receipts of these types of earlier yr.
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Industry experts mentioned from the segment pays tax on their own gross receipts below segment 44ADA, and they are able to go with this plan only if their complete earnings won't exceed Rs.75 lakhs/fifty lakhs.
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You've got 44 cash the choice of utilizing an ATM (cash machine) in the airport. That’s fine for those who’re not planning to Trade cash, but if you’re withdrawing a small sum you’ll provide the 220 THB price (6 USD +) and achievable bank charges.
Here, we will Assess his taxable income beneath regular provisions as well as the presumptive plan as beneath:
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