example:
assessess sales turnover rs:50 lacs net profit declared rs:4,80,000/- provision as per sec 44ad.but assessess employees bonus amount rs:20,000/- no payment .
question:
net profit rs:4,80,000/- added rs:20,000/- total taxable income rs:5 lacs show in it returns correct procedure.
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Net profit added payable bonus
Replies (1)
No need to add bonus after the assessment of presumptive profit of Rs. 4.80 L.
Declare just Rs. 4.80 L, it will be accepted.
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