How to deal with sec 44ad?
lakshmi narayana (CA student) (124 Points)
25 December 2015lakshmi narayana (CA student) (124 Points)
25 December 2015
CA Mehul Chudasama
(Chartered Accountant)
(618 Points)
Replied 25 December 2015
Yes you can file return 4S as on presumtive business provided total turnover of Assessee business is less than 1 Core.. since u have not specified what exact turnover of both business. hope both the aggregate turnover is less than 1 crore
lakshmi narayana
(CA student)
(124 Points)
Replied 25 December 2015
B1 having profit of 4.5%
B2 have profit of 11.5%
in aggrigate 8% income declared as per 44ad is it possible ? all conditions specified undre sec 44 ad satified.
lakshmi narayana
(CA student)
(124 Points)
Replied 25 December 2015
B1 having profit of 4.5%
B2 have profit of 11.5%
in aggrigate 8% income declared as per 44ad is it possible ? all conditions specified undre sec 44 ad satified.
CA Mehul Chudasama
(Chartered Accountant)
(618 Points)
Replied 25 December 2015
Since Suppose you b1 Turnover is 40 Lacs abd B2 turnover is 50 Lacs the u have to show 8% of 90 Lacs..
CA Mehul Chudasama
(Chartered Accountant)
(618 Points)
Replied 25 December 2015
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