44ad

Tax queries 461 views 1 replies

If business profit as per P & L A/c is 30% (NP Ratio) then assessee can declare income u/s 44AD and if yes then at what % either 8% or 30%?????

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Replies (1)

yes he can declare ...8% is minimum limit to show ur income under section 44ad ......so u can show it at 30%


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