sec 44 AD
This query is : Resolved
abhishek jaiswal
(Querist)
13 May 2011
is it possible to declare 8% profit u/s 44AD and keep lower profits in books maintained for income tax purposes
CA J KUMAR
(Expert)
13 May 2011
Yes, it is possible to declare profit @8% in return and keep lower profit in books, if assessee wants to declare lower profit in return then he has to get audited his accounts.
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