Presumptive taxation u/s 44ad
Hemant D (na) (304 Points)
10 April 2017Hemant D (na) (304 Points)
10 April 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 10 April 2017
" Can this net profit be considered as his presumptive income and tax paid accordingly @ 8% on the net profit?"
For derivatives as Non-speculative business, the net profit under presumptive method will be 8% of your Turn-over. There is specific method to calculate TO.
Tax over the said profit will be as per slab.
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