44 ad
Querist : Anonymous
Please help me in following situation.
I am finalizing one of my individual clients.
Her business income ie. profit is 48000/- and Turnovet of Sales is Rs 350000/-
I want to show it under 44 AD and claim only 8% as profit ie approx Rs 28000/-.
Please suggest me wheather I can do so.??
In your case, profit amounts 48,000/- only i.e only 13.7 %, it is reasonable profit and can be disclosed
Querist : Anonymous
but if i want to discose 8% profit then can I?
Click here to login now
Similar Resolved Queries
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
