Section 44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 May 2015
Dear Sir,
Please give answer practically to my under given query.
One of our client have T/o of 91 Lacs in the business of construction.
Actual profit before interest & remuneration can be 30 lacs.
Now if i do take 8% u/s 44AD & burn my books.
Is there anything wrong , practically doing the same ?
Please reply it will help u too. Thanks.
Thanks in advance.
Please give answer practically to my under given query.
One of our client have T/o of 91 Lacs in the business of construction.
Actual profit before interest & remuneration can be 30 lacs.
Now if i do take 8% u/s 44AD & burn my books.
Is there anything wrong , practically doing the same ?
Please reply it will help u too. Thanks.
Thanks in advance.
Nikhil Kaushik
(Expert)
18 May 2015
there is nothing wrong in this.....you can take profit at 8%...
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