Finology
Finology

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

44ad or 44ada

This query is : Resolved 

21 October 2021 real esate brokerage recd...23 lac.........income under 44ad / 44ada
if 50%....11,50,000
sub-brokerage paid by chq.....15lac

can we show income below 5 lac.....after audit..???
any other ...solutions / pre-cautions

atul -- 9082921706 eml- look4u@rediffmail.com

21 October 2021 Real Estate brokerage not assessible under Sec. 44AD or 44ADA of IT act.
Tax Audit not applicable.
File ITR 3 with books of account.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


Similar Resolved Queries


loading


Unanswered Queries


Follow taxation Exam20 Book Book


Answer Query