Section 44ada
This query is : Resolved
10 March 2016
sir, i am a doctor running nurshing home total recipt <50 lacs kya 1st april ke baad
daily cash balance nikalna
expenditure daily ka daily dikhana is mandatory or not if i choose section 44ADA FOR COMPUTATION
daily cash balance nikalna
expenditure daily ka daily dikhana is mandatory or not if i choose section 44ADA FOR COMPUTATION
10 March 2016
Dear
you can opt for section 44ADA and then no need to maintain any daily books. You only need to account daily receipts.
But under section 44ADA it is mandatory to show minimum profit @ 50% of total receipts and no expense will be allowed to be deducted from the profits derived.
you can opt for section 44ADA and then no need to maintain any daily books. You only need to account daily receipts.
But under section 44ADA it is mandatory to show minimum profit @ 50% of total receipts and no expense will be allowed to be deducted from the profits derived.
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- Rental income of jointly held property
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
