REGARDING 44AD RETURN
This query is : Resolved
04 July 2024
HAME 44AD KE HISAB SE 8 PERCENT PROFIT DIKHA KE RETURN FILE KARNA HAI LEKIN JO DEPRICATION HAI VO YADI HUM PROFIT AND LOSS MEIN DEBIT KARTE HAI TO. HAMARI PROFIT RATIO 8 PERCENT SE BI KAM HO RAHA HAI ARROND 4 PERCENT TO ABH HUME DEPRICATION BI LAGANA HAI PROFIT BI 8 PERCENT RAHE USKE LIYE KYA KARNA HOGA
THANKS IN ADVANCE
THANKS IN ADVANCE
04 July 2024
Under presumptive assessment you have to declare minimum 8% profit over cash turnover, assuming the depreciation is already been claimed.
There is no relation of book profit and declared profit under sec. 44AD IT act.
There is no relation of book profit and declared profit under sec. 44AD IT act.
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04 July 2024
MANY THANKS SIR BUT HUM BALANCE SHEET BANANTE HAI BECASUE YADI IN FUTURE KABI AUDIT HUI TO HAME OPENINB BALANCE EASILY MIL JAYENGE YADI AS PER BOOKS PROFIT AS PER ACCOUNTING STANDARDA YADI KARNA HO TO ISKA TREATEMENT KYA HOGA. ASSUMING THIS BALANCE SHEET FOR AUDIT
04 July 2024
As I said before, you maintain books as per actual figures. ITR declaration is just PRESUMPTIVE !!!!
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04 July 2024
OK SIR THANKS DHIRAJLAL JI SIR MANY THANKS
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05 July 2024
You are welcome.
28 August 2024
Good luck.
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