I am told that for 44ADA, no accounts case for professionals, gross receipt & gross profit are same & equal.
Do you agree?
If not, what to fill in gross profit if gross receipt is 550,000/-?
Menu
gross profit for profession
Replies (1)
For sec. 44ADA, gross receipts less reimbursement of any expenses on behalf of client.... is Gross Profit ..
Recent Topics :
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
Related Topics :
CAclubindia
