CA Classes

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

It query for sec 44ada return filer

This query is : Resolved 

Sec 44ada it returns filed professional income person gross receipts rs:10 lacs 50% income declared rs:5 lacs show in it returns and house expenses rs:1,50,000/-
Assess rs:10 lacs income -expenses rs:5 lacs -1,50,000/- house expenses remaining balance amount Rs:3,50,000/- cash deposit in bank account correct procedure.

44ADA you declared 5 lacs profit, but actual profit may be more so consider actual profit less expenses for bank deposit

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries


Trending Tags