Presumptive profit U/S 44AD

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ACCOUNTANT
834 Points Joined June 2014
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
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17264 Points Joined December 2018
Surely you can declare
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On 30 July 2019 at 20:06
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"Do the Right Thing...!!!"
128121 Points Joined January 2015
No more trouble...
You can declare with as per Your view.
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On 30 July 2019 at 20:14
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ACCOUNTANT
834 Points Joined June 2014
Thanks Raja sir and Mr. Pravin
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On 30 July 2019 at 20:17
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128121 Points Joined January 2015
You are most welcome Dear...
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On 30 July 2019 at 21:47
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ACCOUNTANT
834 Points Joined June 2014
One more doubt sir..

In that case we can deduct depreciation of fixed assets as per WDV..
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On 30 July 2019 at 22:20
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128121 Points Joined January 2015
Yeahhhh... You can less the value in FA.
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On 30 July 2019 at 22:33
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ACCOUNTANT
834 Points Joined June 2014
Sir it means depreciation value less in computation. is it correct
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On 30 July 2019 at 22:36
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128121 Points Joined January 2015
No... It's not under Computation sheet. Just provide before the value of 8%.
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On 30 July 2019 at 22:39
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ACCOUNTANT
834 Points Joined June 2014
Ok sir Thanks...
1 Reply
On 30 July 2019 at 22:40


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