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2024-06-04T13:49:13.104Z

Important traits among Gen Z that are going to bring the next wave of consumer economy in India: 1) No bargaining, For them, bargaining means they are going to be looted. 2) They are likely to spend extra for better things, unlike their parents. 3) Convenience matters to them, unlike their parents. 4) They are likely to be more loyal and cult-like followers. 5) They want to give new things a try, unlike their parents who tend to stick to old practices. 6) They are driven by FOMO, trends matter to them.

CA Dipika Pathak

Stealth • 2m

For Individuals & Partnership firm only (not LLP) . Know when 𝐓𝐚𝐱 𝐀𝐮𝐝𝐢𝐭 is applicable to you & about 𝐩𝐫𝐞𝐬𝐮𝐦𝐩𝐭𝐢𝐯𝐞 𝐭𝐚𝐱𝐚𝐭𝐢𝐨𝐧 For FY 2023-24, the presumptive taxation limits are as follows: If you fall within the limits and pay tax accordingly, you are exempt from a tax audit. ➡ For small businesses under Section 44AD, the limit has increased from Rs. 2 crore to Rs. 3 crore, with income to be declared as 8% of turnover, or 6% for digital receipts. ➡ For professionals like doctors and lawyers under Section 44ADA, the limit has been raised from Rs. 50 lakh to Rs. 75 lakh, with income to be declared as 50% of turnover. The increase in limits is subject to a condition that 95% of the receipts must be through recognised banking channel in both the above cases

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