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How to show income under 44ad?

Tax queries 483 views 7 replies

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?

 

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?

 

 

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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