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
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Profit d doubt
Replies (3)
There is no such problem.
Just 50% profit is sufficient for income tax
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.
If Asseesee required and need then he can show excess profit, it can't create any issues.
Whats tge actual prifit??
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