Sir
Partnership firm total sale Rs 28 lac purchase Rs 13 lac partner's salary Rs 3.6 lac(both) net profits show after Rs 1.80 lac
Now query is US 44ad can opted? If yes what tax liability?
Regards
Sir
Partnership firm total sale Rs 28 lac purchase Rs 13 lac partner's salary Rs 3.6 lac(both) net profits show after Rs 1.80 lac
Now query is US 44ad can opted? If yes what tax liability?
Regards
For eligible business sec. 44AD can be opted with minimum 6/8% profit margin. (Partner's remuneration & interest deemed to be inclusive).
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
