Menu
Calculation of gross receipts u/s 44ada
Dear all,
Please tell me about the Gross Receipts calculation under section 44ADA.
One of my client receiving remuneration from partnership firm less than 50 Lacs. He also receiving profit share from the firm. I want to know that the profit from the firm should be added in the calculation of Gross Receipts of the Partner.
Replies (1)
Isn't profits from firm tax-paid? What is the difference between capital and income?
Recent Topic
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
Related Topics
CAclubindia
