Dear Experts,
under sec.44 ad( presumptive income) we can declare 8% profit on total recipt( if gross receipts not exceeding Rs.60lacs. is this ap[plicable for A.y 2010-11?
please answere me friends.
Thanks in advance.
Menu
Return for a.y 2010-11
Replies (1)
New Section 44AD of the Income Tax Act, 1961 comes into effect from A.Y. 2011-2012 .
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
