section 44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 April 2011
i have share trading business[i show income from share under business head]turnover 59 lac and profit 1 lac.salary receipt 60 thousand andint. receipt 60 thousand and int. payment 80 thousand.please advice me is section 44AD applicable to me.and i should audited my account
CA MANOJ GUPTA
(Expert)
01 May 2011
IF U APPLY SECTION 44ad THEN U WLD HAVE TO DISCLOSE 8% PROFIT WHICH IS NOT THE CASE SINCE UR T?O IS LESS THAN 60L U NEED NOT GET ACCOUNTS AUDITED UNDER SECTION 44ab ALSO
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
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