presumptive taxation
This query is : Resolved
02 February 2011
Dear Sir/Madam,
I am the mannufacturer of PVC bags. My turnover is below 40 lacs. Please clearify my following querry.
Section:- 44AA Maintenance of Accounts.
44AB Audit of Accounts.
44AF Computing of Profit and
gains i.e. 5% of total
turnover.
Can anybody clearify the applicability of the above section to me.
Thanks in advance
My email is:- shrishail.umaranikar@rediffmail.com.
Regards,
Shrishail.
I am the mannufacturer of PVC bags. My turnover is below 40 lacs. Please clearify my following querry.
Section:- 44AA Maintenance of Accounts.
44AB Audit of Accounts.
44AF Computing of Profit and
gains i.e. 5% of total
turnover.
Can anybody clearify the applicability of the above section to me.
Thanks in advance
My email is:- shrishail.umaranikar@rediffmail.com.
Regards,
Shrishail.
Guest
Guest
(Expert)
02 February 2011
New provisions of presumptive taxation is available for manufactures also for A.Y. 2011-12
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