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?
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