section 44AD

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Pankaj Singhal (Querist)
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21 October 2017 how much tax is payable for individual trader doing currency trading under section 44AD

RAJA P M (Expert)
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21 October 2017 8% or Above from total Turn Over / Receipts...

Pankaj Singhal (Querist)
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21 October 2017 "or above" means??? it is more than 8%

RAJA P M (Expert)
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21 October 2017 U/s 44ad you must show the profit 8%. You can't show less than 8%... But, you ll show 8% <

Pankaj Singhal (Querist)
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22 October 2017 thanks....will it come under 6% as all the transactions are in digital mode...not in cash mode.

Pankaj Singhal (Querist)
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28 October 2017 Mr. raja...in above case...whether audit is applicable...if assesse has other income as well.

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