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
Click here to login now
Similar Resolved Queries
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Cash balance limit and property purchases limit
- NRI starting business in India
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- Journal entry of busniess expenses
- Bank details not Visible on Traces Portal
- Invertaded duty struture
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
