44 ad
This query is : Resolved
14 February 2014
Hi sir ,
One of my client had turnover of 21 lakhs with a profit of 7 lakhs. His business is eligible for Sec 44 AD,he will get less tax amount if he claim section 44 AD rather than going to calculate tax as per normal provision.
my question is
is it mandatory to disclose and pay tax on book profits rather than 44 AD profits.
His profit seven lakhs more than 44 AD profits.
Please do needful.
One of my client had turnover of 21 lakhs with a profit of 7 lakhs. His business is eligible for Sec 44 AD,he will get less tax amount if he claim section 44 AD rather than going to calculate tax as per normal provision.
my question is
is it mandatory to disclose and pay tax on book profits rather than 44 AD profits.
His profit seven lakhs more than 44 AD profits.
Please do needful.
14 February 2014
what is the nature of business of ur client/
14 February 2014
Handicraft Business
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