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High value profit for sec 44ada filer

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(Querist)
30 December 2020 A composition dealer sales turnover rs:15 lacs in f.y 19-20.
assess sales turnover rs:15lacs profit@8% rs:1,20,000/-.as per sec 44ad

But assess profit decalre @32% rs:4,80,000/- show income tax return in f.y 19-20.
Question:
Assess high value profit decalre future any problem and same profit ratio decalre compulsory next year under i.t.act

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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 December 2020 No need to declare at the same ratio. Declare higher profit as proposed you will not face any problem in future.
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