dear team,
i have my one of clint who have Sewing Business, he buy row material and then do stitching in godown, and then sale, so is this a profession it u/s 44ada ( above 50 % profit) or is it us/44ad (above 8% profit) ?? and what to do use like "profit and loss" or "income or expenditure" ??
Hema Yashwanth & Associates
Chennai
B.Com
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RBSM Corporate Advisors Private Limited
Pune
CA
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Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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CCI
Pro
CAclubindia
