Section 44ad
This query is : Resolved
rajni ASHANI
(Querist)
06 August 2011
One of My client Filed His return of Income having business income without Considering 44Ad, what r the consequences
CA PARAS BAFNA
(Expert)
06 August 2011
1. Whether the Business Income shown in the Return is 8% or more of the turnover or less than 8% .
.
2.Whether the Total Income exceeds the taxable limit or not.
.
Otherwise, If you have filed return on or before the due date you can revise it by
considering the income U/s 44AD.
Do not make any Change in the 4 items
of Drs, Crs, Stock and Cash unless required.
The Income in the return may be higher then it is in the books.
1. Whether the Business Income shown in the Return is 8% or more of the turnover or less than 8% .
.
2.Whether the Total Income exceeds the taxable limit or not.
.
Otherwise, If you have filed return on or before the due date you can revise it by
considering the income U/s 44AD.
Do not make any Change in the 4 items
of Drs, Crs, Stock and Cash unless required.
The Income in the return may be higher then it is in the books.
Message likes :
1 times
07 August 2011
I agree with the expert
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- GST on reimbursement of expenses
- Query on effect of registration of property
- Whether output tax is taken credit by purchaser
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Additional trade name
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
