For the ay 17-18, under section 44ad
how 8 percent income to. be arrived in case of firm? when interest n remuneration allowed before or after 8 percent.
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Interest n remuneration
Replies (3)
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
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.
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
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