Section 44ad
This query is : Resolved
Bhavin Jariwala
(Querist)
24 July 2012
My business profit is Rs. 3,75,000.
And Rs. 400,000 (50,00,000 * 8%).
Then, which profit should be considered??
3,75,000 or 4,00,000???
And Rs. 400,000 (50,00,000 * 8%).
Then, which profit should be considered??
3,75,000 or 4,00,000???
CA Sahil Singla..
(Expert)
24 July 2012
If you can manage Tax Audit of your accounts u/s 44AB, then go for Rs. 75000.
CA.Sourabh Sethia
(Expert)
25 July 2012
Profit Rs.80000/-
will be considered
but since your income chargeable to tax doesnot exceeds the amount chargeable to tax
you can show Rs.75000/- and you will not be required to maintain books and get your accounts audited
will be considered
but since your income chargeable to tax doesnot exceeds the amount chargeable to tax
you can show Rs.75000/- and you will not be required to maintain books and get your accounts audited
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