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?
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How to show income under 44ad?
Replies (7)
| 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? |
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Which assessment year?
Assessment year 2015-16
And 2016-17
Please note that "An owner of Physiotherapy center or Saloon can declare its income u/s. 44AD" but not a professional.
But sir what % of profit should be disclosed??
May God Bless You.
Well, section 44AD allows anything more than 8%.
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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