Computation of income
Querist : Anonymous
Is there any other method to compute Income other than section 44AB and 44AD of IT ACT???
Querist : Anonymous
Yes I do agree that 44AB is Tax Audit applicable section.
In continuation with query:
Stauts : Partnership Firm
Turnover : 1.5 Crore
I will not compute Income u/s 44ad - 8% on Totla Sales becuase my turnover is more than 1 crore
I will not compute my income applying PGBP provisions i.e Income - Expenses
is there any other method to compute income and pay tax on the same????
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