Hello Sir,
My question is if I am filling income tax return of a professional person whos total income is 20 lakhs + 18% GST = 23,60,000, then I have to calculate 50% tax on 20 lakhs or on 23.60 lakhs?
Thanks.
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INCOME TAX CALCULATION UNDER 44ADA
Replies (3)
GST COMES - AND GST GOES. 50% ON 20LK
Thank you for your reply.
Only GST comes.... He provide professional service and dont have any GST purchase but he charge GST on sale.
GST should not be taken for calculating TDS as well as turnover.
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