Regarding clause 8 of form 3cd
This query is : Resolved
10 October 2018
My Turn over is Rs. 1.30 Crores so which clause is application i.e.
1. Clause (a) – If total sales, turnover or gross receipt in business exceeds Rs. 1 Crore
or
4. Clause (e) – If Profit)s u/s 44AD claimed to be lower than the presumptive profits and gains.
Because in F.Y. 2017-18 turnover limit for limit for Sec. 44AD increases to Rs.2 Crores.
1. Clause (a) – If total sales, turnover or gross receipt in business exceeds Rs. 1 Crore
or
4. Clause (e) – If Profit)s u/s 44AD claimed to be lower than the presumptive profits and gains.
Because in F.Y. 2017-18 turnover limit for limit for Sec. 44AD increases to Rs.2 Crores.
10 October 2018
If not opting 44AD, choose 'clause (a)'.
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