Sec. 44AF

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At the time of filing return of income Is it compulsory to state that profit or loss from business or profession is declare u/s. 44AF..

and if assessee is not write so then at the time of assessment stage he can claim the same..

In the IT act where it is mentioned that one has to file return of income with showing business income u/s. 28 or 44AD,AE or AF..

Replies (1)
Hi!!! Practically we do many actions or adopt methods which is not stated in law for making it convenient fot the IT Dept... Also in the query which u've put... practically we do mention the section under which income is taken or should be assessed... hope this is clear to you....

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