Applicability of section 44 ad
This query is : Resolved
25 May 2017
My client is providing Branding, promotional campaign, designing logos etc. and have a turnover of 40 lakhs.
Can 44 Ad applicable so that profit can be taken @ 8℅?
Can 44 Ad applicable so that profit can be taken @ 8℅?
26 May 2017
Yes return can be filed u/s 44AD. If turnover includes any digital payment or payment by cheque, draft etc then 6% of that turnover may be declared as net profit.
26 May 2017
Do it considered as a profession of business?
TDS is deducted under section 194C and 194 J.
My doubt is that do it considered as a profession since Tds is deducted under section 194 J?
TDS is deducted under section 194C and 194 J.
My doubt is that do it considered as a profession since Tds is deducted under section 194 J?
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