i want to show the firm's profit in 44ad
then que is that can i show remunaration to partners
while showing profit of firm in 44ad
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firms tax calculation under which ITR form if details are given in 44ad
Replies (2)
No...just calculate 8% or 6%, as the case may be, of the turnover as profit.
Yes... I agreed to Mr A B Kundu.,
Assessee (Partnership Firm) will be file their ITR u/s 44ad then no way for claim Remuneration and Interest to Partners...
Profit will shown 8 percentage (or above) and Tax will payable for the 8 percentage profit related calculation...
Assessee (Partnership Firm) will be file their ITR u/s 44ad then no way for claim Remuneration and Interest to Partners...
Profit will shown 8 percentage (or above) and Tax will payable for the 8 percentage profit related calculation...
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