Easy Office

Applicability of section 44 ad

This query is : Resolved 

25 May 2017 My client is providing Branding, promotional campaign, designing logos etc. and have a turnover of 40 lakhs.

Can 44 Ad applicable so that profit can be taken @ 8℅?

26 May 2017 Yes return can be filed u/s 44AD. If turnover includes any digital payment or payment by cheque, draft etc then 6% of that turnover may be declared as net profit.

26 May 2017 Do it considered as a profession of business?
TDS is deducted under section 194C and 194 J.
My doubt is that do it considered as a profession since Tds is deducted under section 194 J?






You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries