44AD
This query is : Resolved
08 March 2010
Electrical Amt. Rs. 20,00,000/-
VAT Rs. 60,000/-
ST Rs. 60,000/-
==============
Rs.21,20,000/-
Please inform Income Tax as per Sec 44AD.
VAT Rs. 60,000/-
ST Rs. 60,000/-
==============
Rs.21,20,000/-
Please inform Income Tax as per Sec 44AD.
08 March 2010
Income tax will be charged @ 8% of gross receipt. so income tax will be charged on full bill amount of Rs. 2120000.
Message likes :
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08 March 2010
44AD is on Gross receipt. So tax will be 8% on gross amount.
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