44ad
This query is : Resolved
10 December 2016
I m planning to start trading of goods in which I purchased in cash but I have to sell through bank.... So If I show my income as 44ad and only issue a normal invoice (not tax invoice) to the person I m selling and he made payment in bank..... Is it right
11 December 2016
It is right as far as income tax is concerned in view of opting 44AD.
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