Sec 44ada professional income I.t return filer gross receipts (fees collection) income Rs:10 lacs cash mode received from patients.
Sft code :004 cash deposit in bank
name of the SFT filer :sbi
deposit amount Rs:15 lacs.
Question:
Assess show in gross receipts how much amount declare in I t return
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Income tax query
Replies (1)
Under 44ada profit should be min 50% of gross receipts..it is better to show your gross receipts as Rs 15 lacs if you are unable to justify 5 lacs deposit
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