I HAVE A TWO CLIIENTS,FIRST IS PHYSIOTHERAPIST AND SECOND IS HAVING A SALOON OR BEAUTY PARLOR.
MY QUESTION IS WHETHER I SHOW INCOME UNDER44AD ?? IF YES WHAT PROFIT % SHOULD I DISCLOSED?
vikram tiwari (nothing) (49 Points)
23 March 2017I HAVE A TWO CLIIENTS,FIRST IS PHYSIOTHERAPIST AND SECOND IS HAVING A SALOON OR BEAUTY PARLOR.
MY QUESTION IS WHETHER I SHOW INCOME UNDER44AD ?? IF YES WHAT PROFIT % SHOULD I DISCLOSED?
vikram tiwari
(nothing)
(49 Points)
Replied 23 March 2017
Originally posted by : vikram tiwari | ||
I HAVE A TWO CLIIENTS,FIRST IS PHYSIOTHERAPIST AND SECOND IS HAVING A SALOON OR BEAUTY PARLOR. MY QUESTION IS WHETHER I SHOW INCOME UNDER44AD ?? IF YES WHAT PROFIT % SHOULD I DISCLOSED? |
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 24 March 2017
Please note that "An owner of Physiotherapy center or Saloon can declare its income u/s. 44AD" but not a professional.
vikram tiwari
(nothing)
(49 Points)
Replied 24 March 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 25 March 2017
vikram tiwari
(nothing)
(49 Points)
Replied 26 March 2017
sir, i know section 44AD allows anything more than 8%..but my question is that can i show 30 to 35% of profit?
because somebody told me does not show more than 25%. my client income is 265000 and if i show 25% of profit than my turnover is 1000000. here qu of service tax is also arise.so what can i do?
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