banner_ad

Profit under section 44ad

295 views 6 replies
can i show the profit below 8% of a partnership firm
Replies (6)
Yes, You can Show...
But in that case Maintenance of Books of account and Tax audit of Account u/s 44AB is mandatory..You are required to get books of Account audited in that case.
You can show profit below 8% and no tax audit is required if turnover does not exceed 1 crore
Yes you can show but you have to go for audit as said by sagar patel
Agree with ashutosh kumar ji
The answer I gave is when you show income under normal provisions but if you opt for 44AD then show below 8% or 6% as the case maybe maintenance of books and tax audit is required
Yes you can but then section 44AA(Maintenance of books of accounts) and 44AB(Tax Audit) will be applicable


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details