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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caterers income
Replies (4)
Minimum you must shown at least 8% of turnover, (If you like can then you can offer income between 8% to 100%)
1. Yes
2. Yes
3. No audit if higher income
2. Yes
3. No audit if higher income
The person is having income from insurance commission and Catering. which ITR is to be taken?
ITR3 be filed
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