my client is in the business of selling building materials. last year he filed return under 44ADA as he giving professional service as architect.
this year I filed his return under 44AD showing his sale of goods and service receipts together.
his np ratio previously was above 50% obviously bt this year i showed np ratio of 28%. will this huge decrease attract notice ?
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Gross profit ratio for building materials
Replies (1)
Naturally a query may be raised, as his professional services cannot be considered under Sec. 44AD!!!
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