44AD in case of Partnership firm
Rahul Rustagi (Student CA Final ) (310 Points)
18 June 2019I raised this question because the firm is taxable @ 30% and may be having higher profits otherwise.
Thanx in advance
Rahul Rustagi (Student CA Final ) (310 Points)
18 June 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 18 June 2019
6/8 % margin is over turnover for determination of PROFIT........
30% tax-ability is over profit so arrived is for calculation of TAX....
Both are different and hence, no contradiction!
Rahul Rustagi
(Student CA Final )
(310 Points)
Replied 18 June 2019
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