Section 44ad
This query is : Resolved
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 ?
04 August 2014
No. Bank interest should be shown under the head Income from other sources.
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??
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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