Sec 44ad question
This query is : Resolved
Kollipara Sundaraiah
(Querist)
04 August 2021
Sir,
Sec 44ad it returns filed person sales turnover rs:60 lacs net profit 8 percent rs:4,80,000/-if assess bonus amount rs:30,000/- not paid to employee
Question:
Assess bonus not pay amount addition or not net profit in it act.
Sec 44ad it returns filed person sales turnover rs:60 lacs net profit 8 percent rs:4,80,000/-if assess bonus amount rs:30,000/- not paid to employee
Question:
Assess bonus not pay amount addition or not net profit in it act.
CMA Poornima Madhava
(Expert)
04 August 2021
Section 43b is not applicable to 44ad assessees. Hence as I understand no disallowance of bonus.
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