Section 44ad
This query is : Resolved
06 August 2011
One of My client Filed His return of Income having business income without Considering 44Ad, what r the consequences
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.
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07 August 2011
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