Im borrowing money at 11 percent and lending it to other person at 12% with motive of profit, can i show this as a bisness under 44AD and take benefit of 6% profit declaration of total interest earned though bank only
Im borrowing money at 11 percent and lending it to other person at 12% with motive of profit, can i show this as a bisness under 44AD and take benefit of 6% profit declaration of total interest earned though bank only
@ Mr Sagar,
You are confused over turnover of the business, it is not just interest earned!!!
Aggarwal Sarawagi and Co
New Delhi
CA
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Shaswat initial support private limited
Ahmedabad
CS
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SMJ global advisors pvt ltd
New Delhi
B.Com
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CAclubindia
