44ad
This query is : Resolved
23 May 2017
My Client has sold goods to his party by a single bill for the Fy 2016-17 for Rs.1.00 lakhs during the year he has received Rs.50,000/- by A/c payee Cheque and Rs.50,000/- bu cash in different dates. Can adopt 6% on Rs.50,000/- & 8% on Rs.50,000/- or 8% on total Rs.1.00 lakhs for the Asst Year 2017-18.
CA Mohit Kumar
(Expert)
23 May 2017
you can not adopt 44 AD due to your income is below exemption limit you have to choose normal provision
CA R SEETHARAMAN
(Expert)
23 May 2017
6% on 50000(bank receipts) and 8% on 50000(cash receipts) can be adopted.
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