Income Tax Return file

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Dhaval Patel

Dhaval Patel (Querist)
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05 May 2017 i want to return file u/s 44 AD my one client total turnover Rs.10,00,000/- how to calculate tax

CA Idris M K

CA Idris M K (Expert)
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05 May 2017 Under Section 44AD Profits are assumed at 8% of Sales, for Businesses having Turnover less than 2 crores.

in your case taxable profits is 8% on 1000000/- i.e. 80000/-

Assuming your client to be an individual having no other source of income, tax payable would be Nil