banner_ad

Presumptive profit U/S 44AD

442 views 9 replies
User Avatar

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
3 Reply Share Follow
On 30 July 2019 at 19:49 Report
Replies (9)
User Avatar

17264 Points Posted on 30 July 2019
Surely you can declare
101 Reply
On 30 July 2019 at 20:06
User Avatar

"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
User Avatar

ACCOUNTANT
834 Points Posted on 30 July 2019
Thanks Raja sir and Mr. Pravin
3 Reply
On 30 July 2019 at 20:17
User Avatar

"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
User Avatar

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
User Avatar

"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
User Avatar

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
User Avatar

"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
User Avatar

ACCOUNTANT
834 Points Posted on 30 July 2019
Ok sir Thanks...
3 Reply
On 30 July 2019 at 22:40


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details