banner_ad

Section 44ad

This query is : Resolved 
Profile Image

Profile Image

(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???
Profile Image

CA Sahil Singla..

Profile Image

CA Sahil Singla.. (Expert)
24 July 2012 If you can manage Tax Audit of your accounts u/s 44AB, then go for Rs. 75000.
Profile Image

CA.Sourabh Sethia

Profile Image

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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details