Questions relating to partnership

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  

Replies (3)
Quick Summary
This discussion concerns a partnership firm with a sales turnover of Rs 60 lacs for AY 2021-22. After accounting for partner salaries and interest on capital totalling Rs 3.60 lacs, the net profit shown in the books is Rs 75,000. The user is seeking clarification on whether they can file their income tax return declaring this Rs 75,000 profit and what the consequences would be if Section 44AD provisions are applied, which typically suggest an 8% profit on turnover.

Yes you can file income for 75000 rupees

Thank for the reply,

Sir but what about sec 44 ad

Show 8% profit on turnover

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