Interest n remuneration

Profit will be shown 8/6 percentage. it's the main object...
Remuneration and interest not available if firm opt presumptive taxation scheme..

Not available after 8/6 percent

For AY 2017-2018 under 44AD 8% / 6% OR Actual profit whichever is higher used to be presumptive business income and no seperate deductions for Remuneration and interest .

In a way it was given to understand that ad hoc deductions of 92% or 94% will be considered inclusive of Remuneration and interest .

Therefore no seperate deduction for Remuneration and interest available.

Originally posted by : Kapadia Pravin
	For AY 2017-2018 under 44AD 8% / 6% OR Actual profit whichever is higher used to be presumptive business income and no seperate deductions for Remuneration and interest .In a way it was given to understand that ad hoc deductions of 92% or 94% will be considered inclusive of Remuneration and interest .Therefore no seperate deduction for Remuneration and interest available.

 

Well reply Mr Pravin