Net profit @ 8% - 44 ad

This query is : Resolved

TARIQUE RIZVI (Querist)
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01 February 2016 Sir Please confirm whether the nett profit @ 8% u/s 44-AD has to be maintained before depreciation and remuneration or after depreciation and remuneration

U S Sharma

U S Sharma (Expert)
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01 February 2016 8% minimum is to be offered for taxation purpose, i.e NET profit after all deductions

TARIQUE RIZVI

TARIQUE RIZVI (Querist)
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01 February 2016 Sharma Ji Lot of thanks for your prompt reply actually the issue is very much disputed. Expert like you I have got fortunately. Earlier I was maintaining 8% nett profit before deducting [ dep + rem ] because of which heavy tax liability was getting reflected. Thank you once again. yrs tarique 982 1630 130