Profit u/s 44ad to be 8% of turnover
Querist : Anonymous
As per sec.44AD profit to be declared should be 8% of turnover.
Whether such profit is before or after remuneration and interest to partners?
Querist : Anonymous
Sir, if the turnover from trading is 42Lakhs and Gross receipts from job work is 8 Lakhs then for 8% whether 42Lakhs or 50Lakhs to be considered.
Querist : Anonymous
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