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Querist : Anonymous

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Querist : Anonymous (Querist)
11 June 2017 Please anyone tell me 44AD tax calculations if i want to show income of Rs. 250000. With turnover
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Nikhil Kaushik

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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.
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