Head for Income
This query is : Resolved
Trilokee Verma
(Querist)
06 July 2017
Dear expert,
Mr. X has business of real estate, he had a raw land as stock, which he sold for 92 lakhs without developing it or performing any construction on it, can this income be offered for 44AD?
CA R SEETHARAMAN
(Expert)
06 July 2017
Yes this income can be offered for 44AD.
Amol S Joglekar
(Expert)
06 July 2017
yes, it can be done... Care should be taken if the actual profit is much above 8%.........
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