Profit
This query is : Resolved
05 February 2009
when books of accounts are not maintained by the concern(Small business).
what is profit to be taken for IT return filing but turnover is clearly given....
what is profit to be taken for IT return filing but turnover is clearly given....
05 February 2009
It depend up on the nature of the business.
Refer the section 44AD/AE/AF of income tax act for presumptive income.
Refer the section 44AD/AE/AF of income tax act for presumptive income.
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