In my previous year ITR where I declared income u/s 44ADA, I have mistakenly declared 100% of turnover as income. Will there be any problem if I choose to declare 50% of my turnover as income in my current year ITR. Like is there any chance for scrutiny notice or anything as books of accounts need not be maintenaned under this section. Amts are not huge, tax difference comes below 10k due to this.
Menu
44ADA income declaration
Replies (1)
No problem as such. If the turn overs is below 2 lakhs or so.
Recent Topic
- Delayed reported invoice in GSTR1
- Kusumgar IPO Listing Date: Shares Debut on BSE, NS
- When is Diwali in 2026? Date, Muhurat Timing and D
- Amount received by son from PPF closure proceeds o
- Clarification on Nature of Payment Code for NRI Pr
- Fee received as Independent Director
- Correct way to show income from annuity in ITR
- ITR 3 issues
- What after death of proprietor
- TDS paid under old regime instead of new
Related Topics
CAclubindia
