The net profit is 8% as per 44AD , but before deduction of 40(b)(v) or after deduction ?, the partner's interest and salary , and depreciation can claimed in incometax adjustments statement or not?
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193891 Points)
Replied 12 October 2017
From last amendment in section 44AD........... no such deductions are admissible.
Means the 8% profit margin shall be BEFORE DEDUCTION....
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