We are a partnership firm, having sales turnover of Rs. 60.00 lacs in the A.Y 2021-22. After providing interest on capital and salary to partners totally amounting to Rs.3.60 lacs, our net profit as per books of account is Rs.75000 . Whether i can file my return of income admitting income of Rs.75000? what will be the consequences if provisions of sec 44 AD are initiated?
Please clarify
