Section 44 ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 December 2012
Sir
i am filling income tax return u/s 44AD for the F.Y 2008-09.
please explain the profit u/s 44AD was treated as capital for next F.Y
i am filling income tax return u/s 44AD for the F.Y 2008-09.
please explain the profit u/s 44AD was treated as capital for next F.Y
13 December 2012
This may be so if the logic is that 8% is net of drawings. It will go to next year's opening capital.
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