We charge 5 year's advance payment to our clients. Our total turnover of the company in the last year is around Rs. 30 lacs.
Is it possible to pay the taxes on 6% profit under section 44ad and show the remaining amount as liabilities in our ITR filing?
RMA And Associates LLP
New Delhi
CA Inter
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S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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HKC | Chartered Accountants & Business Advisors
Ludhiana
CA
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CCI
Pro
CAclubindia
