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Presumptive profit U/S 44AD

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ACCOUNTANT
834 Points Posted on 30 July 2019
Dear expert.

Can i declare the presumptive profits more than 8% (i.e. @ 20%) u/s 44AD. Is there any trouble??

This request is for confirmation.


Thanks
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On 30 July 2019 at 19:49 Report
Replies (9)
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17264 Points Posted on 30 July 2019
Surely you can declare
101 Reply
On 30 July 2019 at 20:06
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"Do the Right Thing...!!!"
128147 Points Posted on 30 July 2019
No more trouble...
You can declare with as per Your view.
463 Reply
On 30 July 2019 at 20:14
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ACCOUNTANT
834 Points Posted on 30 July 2019
Thanks Raja sir and Mr. Pravin
3 Reply
On 30 July 2019 at 20:17
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"Do the Right Thing...!!!"
128147 Points Posted on 30 July 2019
You are most welcome Dear...
463 Reply
On 30 July 2019 at 21:47
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ACCOUNTANT
834 Points Posted on 30 July 2019
One more doubt sir..

In that case we can deduct depreciation of fixed assets as per WDV..
3 Reply
On 30 July 2019 at 22:20
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"Do the Right Thing...!!!"
128147 Points Posted on 30 July 2019
Yeahhhh... You can less the value in FA.
463 Reply
On 30 July 2019 at 22:33
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ACCOUNTANT
834 Points Posted on 30 July 2019
Sir it means depreciation value less in computation. is it correct
3 Reply
On 30 July 2019 at 22:36
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"Do the Right Thing...!!!"
128147 Points Posted on 30 July 2019
No... It's not under Computation sheet. Just provide before the value of 8%.
463 Reply
On 30 July 2019 at 22:39
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ACCOUNTANT
834 Points Posted on 30 July 2019
Ok sir Thanks...
3 Reply
On 30 July 2019 at 22:40


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