WE ARE PARTNERSHIP FIRM OF FOUR PERSONS. WE HAVE CLAIMED PARTNERS SALARY IN THE PROFIT AND LOSS AND OUR iNCOME IS MORE THAN 8 % (i.e. MORE THAN THE PRESCRIBED LIMIT UNDER SEC 44AD).
NOW SINCE I HAVE TO FILE THE RETURN UNDER SEC 44AD, WHETHER I HAVE TO ADD BACK THE PARTNERS SALARY?
PLEASE ADVISE
Flat 8 % of your sales will be your net profit.
O P Bagla & Co LLP
New Delhi
CA Inter
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Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
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Shaswat initial support private limited
Ahmedabad
CS
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CAclubindia
