Presumptive assessment
This query is : Resolved
CA VIKASH AGARWAL
(Querist)
02 August 2011
assessee have business of Mobile Recharge cards and profit of said business is 2.5% only assessee have a turnover of Rs. 30,00,000/- .
if assessee opt Section 44AD so he have to calculate profit minimum 5%
what sholud asseessee do.
if assessee opt Section 44AD so he have to calculate profit minimum 5%
what sholud asseessee do.
CA SANKAR 9585590515
(Expert)
02 August 2011
Assessee is to admit 8% of his Turnover
or
Maintain Detailed books of Accounts and audit u/s 44AB
or
Maintain Detailed books of Accounts and audit u/s 44AB
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