it assessess sec 44ada provision it returns filed every year
year:20-21 gross receipts rs:12 lacs profit declared 80 precentage
year:21-22 Gross receipts rs:14 lacs profit declared 65 precentage
year:22-23 Gross receipts rs:15 lacs profit declared 50 precentage
question:
assessess receipts income increased and profit declared precentage decreased in it returns any problem reaised in it act
There is no such problem.
Just 50% profit is sufficient for income tax
CAclubindia
