44 ad
Do we show 35% profit u/s 44AD from Construction business,Is there any scruitny issue arises due to such profit shown.
Replies (1)
U/s 44AD of the Income Tax Act, you can claim your income to be 8% of your turnover ( you can also claim more than 8%). However, whether your case would be selected for scrutiny or not depends on facts and circumstances and we cannot predict.
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