Tax audit under section 44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 September 2016
Whether profit of 8% of Turnover considered before allowable partners remuneration or after partners remuneration, pls provide clarification in this regard.
Turnover is below 1 crore for f.y. 15-16, refer section 44AD
Turnover is below 1 crore for f.y. 15-16, refer section 44AD
14 September 2016
before allowing salary to partners etc.
http://www.incometaxindia.gov.in/Pages/acts/income-tax-act.aspx
http://www.incometaxindia.gov.in/Pages/acts/income-tax-act.aspx
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
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Cloud service
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Sale of Gold ornaments
- Credit note Issue reg
- Accounting Policies changes
- Running non ac bus under contract with roadways
- GST ITC on Liquidated damages
- SECTION 194T
- Ca final exam registration may-26
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
