Does gross receipts include reimbursements section 44ada ?
This query is : Resolved
03 August 2017
I am a consulting professional. I have received reimbursements from my clients of Rs. 2 lacs and my billing is of Rs. 8 Lacs. Can I go for Presumptive Taxation under Section 44ADA ? If I opt for presumptive taxation on what amount 50% profit will be calculated Rs. 8 Lacs or Rs. 10 Lacs.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- Regarding Individuals Retuned to India and Resident currently
- Clubbing of Income - Minor
- Minor Aadhar card cancelled
- Provision for loans that are under Revenue Recovery
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- 3cd- cash system of accounting is allowed?
- Form 121-contradictory opinions
- Capital Gain Incidents
- Is Personal Guarantee of Director is Compulsory in case of loan to company ??
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
