Income tax query 19-20
This query is : Resolved
21 December 2020
Assess sec 44ada source of income (professional income)
1.gross relceipts Rs:13 lacs in f.y 19-20.net profit declare 50%rs:6,50,000/-
2.cash gift to wife Rs:3 lacs payment through on bank mode added net profit.
Question:
Assess tax applicable profit on rs:6,50,000/- or Rs:9,50,000/-
1.gross relceipts Rs:13 lacs in f.y 19-20.net profit declare 50%rs:6,50,000/-
2.cash gift to wife Rs:3 lacs payment through on bank mode added net profit.
Question:
Assess tax applicable profit on rs:6,50,000/- or Rs:9,50,000/-
21 December 2020
Tax applicable profit on rs:6,50,000/-
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