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partner ship firm and 44ad

This query is : Resolved 
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(Querist)
13 October 2017 my client turnover is 80 lacks. if he avails 44ad , the profit @8% will come 6.40 lakh. and pay tax on it. int on cap 4lakhs and remuneration is 2.50 lakhs. which is not allowed from ay 2017-18. is there any option except go for audit, showing below 8% profit
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
13 October 2017 From AY 17-18 i.e now assessee can take profit @ 6% u/s 44AD if it is received through Bank i.e otherwise than by cash and bearer cheque
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Vijay Mohan

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Vijay Mohan (Querist)
14 October 2017 but I am asking how to reduce profit. even 6% it will come 3.6 lakhs on which firm pay 30 % tax. huge amount
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
14 October 2017 The last option left is don't Avail section 44AD
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RAJA P M

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RAJA P M (Expert)
14 October 2017 @Vijay Mohan., If you opt to sec 44ad then you can't avail the remuneration, interest after shown 8%....
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
14 October 2017 No option other than to choose 44AB(e).
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