44ada for professional in case of partnership firm

Hello Sir

Heard that Firm which opt for 44ADA cannot include Remuneration and Interest to Partner in calculating 50%

So the NP should be 50% after giving any remuneration and Interest to Partners? which otherwise in case of 44AD is before any remuneration and Interest to Partners.

 

 

Replies (1)

"Heard that Firm which opt for 44ADA cannot include Remuneration and Interest to Partner in calculating 50%"

Correct.

"So the NP should be 50% after giving any remuneration and Interest to Partners? " Net profit can be anything as per actual.

Actual profit be anything, but not included for deductions in presumptive income.
Under sec. 44ADA, taxable income of the firm would be 50% of total turnover. (before any deduction).

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details