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Sec 44ad

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(Querist)
22 October 2014 DEAR SIR My business income is 75210 and my sales shown in trading account is 1143397 what amount should be shown as business income with reasons??
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
22 October 2014 just show 8% of the sales..refer provision of section 44AD.
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kadiyala praveen

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kadiyala praveen (Querist)
22 October 2014 thank you sir for valuable reply



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Nikhil Kaushik

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Nikhil Kaushik (Expert)
22 October 2014 you are welcome..............

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