Section 44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 September 2015 Dear experts
in business entity, to opt section 44AD, of what 8% profit will be declare, weather of sale or payment receipt from debtors...

plz confirm...

11 September 2015 It is on sales(turnover)....

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 September 2015 Dear sir
if sale turnover is 1 crore then taxable income will be 8 lacs, in that will i get any deduction like 80c etc..

13 September 2015 Yes 80C deduction available.


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