44ad
This query is : Resolved
Sanchit Jain
(Querist)
01 August 2016
There is firm having export turnover and claiming duty drawbacks. It declares profits under section 44AD @ 8%. Do we have to separately tax the export incentives or it is deemed to be included in the profits under section 44AD?
Amol S Joglekar
(Expert)
01 August 2016
8% or actual whichever is higher....as declared by assessee....
everything is deemed to be included in that.....whatever has come from business
everything is deemed to be included in that.....whatever has come from business
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