Proprietary business


This query is : Resolved 

17 July 2012 If a proprietary business has an annual turnover of Rs. 25 Lakh, then which shall be the best option for it??? Means as an normal assessment or u/s 44AD???

Profile Image

Guest

Profile Image

Guest (Expert)
17 July 2012 better option is 44AD(8% of turnover). If u dont want to apply 44AD than u need to get audit your books of accounts

17 July 2012 its depend on how much profit you are earned if it is less then what comes under 44ad then apply normal provision otherwise follow 44ad.

17 July 2012 Can you give me the suggestions about deductions if we opt for 44AD???

17 July 2012 How much profit is to be given under 44AD??

Profile Image

Guest

Profile Image

Guest (Expert)
17 July 2012 no expenses will be allowed.... however u can claim deductions under Chapet Vi-A

Profile Image

Guest

Profile Image

Guest (Expert)
17 July 2012 8% of sales is the profit


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details