Section 44ad benefit

 


Querist : Anonymous (Querist) 13 August 2017

dear sir,

one of my relative is having gross recipt of near 60 lakhs from security business providing manpower.
can i file return by showing 8% profit without maintaining books of accounts under sectgion 44ad of income tax act 1961


B.Chackrapani Warrier (Expert)
13 August 2017

Possible to opt 44AD.


Querist : Anonymous (Querist) 13 August 2017

and what about maintaining book of accounts.
is there any need of maintaining books of accounts


Querist : Anonymous (Querist) 13 August 2017

and what about maintaining book of accounts.
is there any need of maintaining books of accounts
and the assesse is collecting service tax and paying the same

RAJA P M (Expert)
13 August 2017

Yes. You can show it u/s 44AD as per IT act.


Querist : Anonymous (Querist) 14 August 2017

some parties are deducting tds so need to do accounting for tds also na as we r opting for sec 44ad
plz replyyyy



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