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Section 44ad

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(Querist)
04 August 2014 while showing turnover u/s 44AD presumptive scheme, can i consider income from other sources like bank interest etc in the turnover ?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
04 August 2014 No. Bank interest should be shown under the head Income from other sources.
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Aditya

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Aditya (Querist)
04 August 2014 then were computation will be based on normal turnover and income from other sources individually and tax will be computed on the sum of the two??
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
04 August 2014 calculate income form business as per 44AD and add the income from other source, this will give you gross total income.
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