Profit d doubt

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
Replies (3)
Quick Summary
This discussion addresses concerns about declining profit percentages declared in Income Tax Returns filed under Section 44ADA, despite increasing gross receipts. It clarifies that declaring a profit as low as 50% is generally acceptable for income tax purposes. While there's no issue with showing a lower profit percentage, individuals can choose to declare a higher profit if they wish, without creating any problems.

There is no such problem.

Just 50% profit is sufficient for income tax
No problem...

If Asseesee required and need then he can show excess profit, it can't create any issues.
Whats tge actual prifit??

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details