retailer has profit as per books of Rs. 1000 however as per sec 44AF 5% of turnover is Rs. 800 for purpose of taxable income should we consider Rs. 1000 or Rs. 800
retailer has profit as per books of Rs. 1000 however as per sec 44AF 5% of turnover is Rs. 800 for purpose of taxable income should we consider Rs. 1000 or Rs. 800
it will be at the discretion of the retailer if turnover does not exceed 40,00,000
however to claim as per books of account, he shld have been maintained all the books of accounts.
| Originally posted by :madhavvan | ||
| " | retailer has profit as per books of Rs. 1000 however as per sec 44AF 5% of turnover is Rs. 800 for purpose of taxable income should we consider Rs. 1000 or Rs. 800 | " |
hi,
we need to consider Rs 800 only
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
CMNITY HIRE
New Delhi
Others
View Details
CAclubindia
