suppose professional income for fees collections income rs:24 lacs
profit declared 50 percent rs:12 lacs as per sec 44ada .
1.cash gift to brother value rs:2 lacs through on online mode
2.medical equipment value rs:2 lacs depreciation value rs:30,000/-
question:
assess net profit show in it returns value rs:9,70,000/- (rs:12 lacs -rs:2 lacs(gift value)-rs:30,000/-(depreciation value) correct or not correct.
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