Section44ad
This query is : Resolved
01 March 2014
in this section; 8% profit means net profit or gross profit??
01 March 2014
it is not the net or gross profit, it is taxable profit.
It is a deeming fiction where 8% of the total turnover is assumed to be taxable income.
It is a deeming fiction where 8% of the total turnover is assumed to be taxable income.
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
Unanswered Queries
- 115-BAC-for AOP-private discretionary trust
- Insurance make against any item and later get insurance claim received
- Cgst asmt - 10
- IN PAGHDI SYSTERM . RENT RECPT CHANGE OF NAME AFTER FAMILY PARENTS TO SON
- CAN a GSTIN registered under rule 14A opt for composition scheme without withdrawal from rule 14A ??
- E-Invoice applicability related question
- PTEC-payment
- Delisted shares
- INCOME TAX QUERY FY25-26()\
- Clarification on TDS Applicability under Section 195 for NRI Co-owner – Property Transaction
- Fy 22-23 --> tyed more in gst 3b vs 2b, any interest?
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
