U/s 44af
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 March 2013
Dear Sir,
I am filling my income tax return u/s 44AF for the financial year 2010-11 but in this year. Now for the financial year 2011-12 in which section used for presumptive income and how much % require to shown and which ITR for used for filling of Income Tax return.
Pls. advice shorty .
I am filling my income tax return u/s 44AF for the financial year 2010-11 but in this year. Now for the financial year 2011-12 in which section used for presumptive income and how much % require to shown and which ITR for used for filling of Income Tax return.
Pls. advice shorty .
Dintakurthi Tirumala
(Expert)
25 March 2013
Now section 44AF merged with section 44AD. So you have to offer your income for f.y 2011-12 under section 44AD and the % is minimum of 8% on gross turnover/receipts.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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