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44AD 6% 8%
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.
Replies (7)
no need for bifurcation go for 44AD with 8%
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
But in case you are filing ITR-3 then you will not requird to bifurgate
your turnover is any else your profit will be 8 percent .and that's your income.
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%.
if you go below for 8% den bifurcation is necessary otherwise go for it
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 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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