44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 June 2017
Please anyone tell me 44AD tax calculations if i want to show income of Rs. 250000. With turnover
Nikhil Kaushik
(Expert)
11 June 2017
as long as the profit shown is not less than 8% (6% for turnover routed through bank account), it is fine.
So lets say you want to show Rs 2.5 lakhs as profit, the maximum turnover is 3125000.
So lets say you want to show Rs 2.5 lakhs as profit, the maximum turnover is 3125000.
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