44ad for partnership business
This query is : Resolved
02 January 2019
Dear Sir,
please suggest Can I opt 44AD For Partnership Business.
Suppose:(FY 2017-18)
Sales/ TO : Rs.75,00,000/-
Net Profit (After Deducted Remuneration and Interest To Partner) is 8.10% on TO=75,00,000*8.10%=6,07,500/-
Profit to Mr. (50%) - Rs.3,03,750/
Profit to Mr.B( 50%) - Rs.3,03,750/
Can reply can i opt 44AD ??
THANKING YOU
BIKASH RAI
please suggest Can I opt 44AD For Partnership Business.
Suppose:(FY 2017-18)
Sales/ TO : Rs.75,00,000/-
Net Profit (After Deducted Remuneration and Interest To Partner) is 8.10% on TO=75,00,000*8.10%=6,07,500/-
Profit to Mr. (50%) - Rs.3,03,750/
Profit to Mr.B( 50%) - Rs.3,03,750/
Can reply can i opt 44AD ??
THANKING YOU
BIKASH RAI
02 January 2019
No, because interest and remuneration has been claimed which is against 44AD(1).
02 January 2019
Thank sir
I do not deduct remuneration and interest ?
I do not deduct remuneration and interest ?
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