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Income tax query

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PCS
543 Points Posted on 28 September 2019

If individual service provider income is 40 lac andthen he can showing profit 28 percentage ?

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On 28 September 2019 at 06:56 Report
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"Do the Right Thing...!!!"
128152 Points Posted on 28 September 2019
Give more details for income...
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On 28 September 2019 at 07:49
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Profession Business
28207 Points Posted on 28 September 2019
Deepak more explicit information is desirable.
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On 28 September 2019 at 09:35
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PCS
543 Points Posted on 28 September 2019
He is in manpower supply business and turnover of business is approximately 40 lac and after showing expenses his profit is 28 percentage. Can he show this?
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On 28 September 2019 at 09:45
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PCS
543 Points Posted on 28 September 2019
He is in manpower supply business and turnover of business is approximately 40 lac and after showing expenses his profit is 28 percentage. Can he show this?
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On 28 September 2019 at 09:45
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Profession Business
28207 Points Posted on 28 September 2019
Propeitor , partnership or private limited company.
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On 28 September 2019 at 10:30
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17264 Points Posted on 28 September 2019
@ deepak
This is repeat query. You have raised under another post after raising this post

If you are talking about 44AD then
PVT LTD - it's not applicable
Individual - yes

Without 44 AD , as regular business income both Pvt LTD and individual can show it (no tax audit required)
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On 28 September 2019 at 12:15


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