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caterers income

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student
58 Points Posted on 02 August 2019
1.can the income of caterers can be shown under 44AD @ 8%.
2. whether the income shown under 44AD Can be higher than 8%.
3. Audit is required if less than 8% income is shown and certified by CA.
If higher income is shown audit is required or not.
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On 02 August 2019 at 14:22 Report
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Nil
2791 Points Posted on 02 August 2019

Minimum you must shown at least 8% of turnover, (If you like can then you can offer income  between 8% to 100%)

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On 02 August 2019 at 14:26
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17264 Points Posted on 02 August 2019
1. Yes
2. Yes
3. No audit if higher income
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On 02 August 2019 at 14:34
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student
58 Points Posted on 02 August 2019
The person is having income from insurance commission and Catering. which ITR is to be taken?
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On 02 August 2019 at 15:11
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17264 Points Posted on 02 August 2019
ITR3 be filed
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On 02 August 2019 at 15:17


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