Menu
Urgent help required against computation of Taxable income
My uncle is doing a small Real Estate Construction Business. He has filed his IT Return as Proprietor U/S 44AD till F.Y. 2017-18 with closing stock of Rs. 35 Lakh. He is now doing a project with Mr. X under a joint agreement but without establishing any partnership firm. Is he allowed to file his IT return U/S 44AD as capacity of partner? If so then the proportionate sale amount should be shown or the gross sale value will be entertain and how show previous the previous closing stock ?
Replies (1)
can he file as partner u/s 44AD as there is no partnership firm estabilished not even any trade licence
Recent Topics :
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
- Hi experts need some help
- Is SAP FICO a good career option for finance and a
- Direct Cost booking
- TDS on Property Purchase Paid
- Cash Purchase Above ₹10,000, ITR/40A(3) Trea
- TDS on dividend to non resident shareholders
Related Topics :
CAclubindia
