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44AD 6% 8%

Tax queries 579 views 7 replies
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Practising CA
8954 Points Posted on 10 May 2017
Is it mandatory to bifurcate digital turnover and cash turnover while offering income u/s 44AD ? Cash turnover is very less and my profit is more than 8% which I want to offer for tax.
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On 10 May 2017 at 07:53 Report
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2 Points Posted on 10 May 2017
no need for bifurcation go for 44AD with 8%
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On 10 May 2017 at 08:07
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Chartered Accountant
86505 Points Posted on 10 May 2017
If you file your return u/s 44AD then you have to bifurgate that income.
But in case you are filing ITR-3 then you will not requird to bifurgate
814 Reply
On 10 May 2017 at 08:13
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3 Points Posted on 10 May 2017
your turnover is any else your profit will be 8 percent .and that's your income.
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On 10 May 2017 at 12:33
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M Com FCS LLB M-AIMA
14046 Points Posted on 10 May 2017

Not mandatory to bifurcate it is only if you claim that some of your turnover consists of non cash transactions. In that case you can show at 6% else at 8%.

14 Reply
On 10 May 2017 at 15:45
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student
5205 Points Posted on 10 May 2017

if you go below for 8% den bifurcation is necessary otherwise go for it

8 Reply
On 10 May 2017 at 20:00
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Job
1865 Points Posted on 11 May 2017
the reduced rate of tax is a beneficial provision which you may or may not avail. No one will question if you don't avail.
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On 11 May 2017 at 22:24
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Job
1865 Points Posted on 11 May 2017
the reduced rate of tax is a beneficial provision which you may or may not avail. no one will question if you don't avail the benefit
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On 11 May 2017 at 22:26


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