As Per Section 44AD And 44ADA, Assesse has to Declare Profit of 8% or 50%.
but what if Actual Profit is More.
Do I Need To Pay Tax on Actual Profit
for Example:
Business -
Turnover is 50 Lakh
Actual Profit is 30 Lakh
Profit 44AD is 4 Lakh
What Is My Taxable Profit ?
CAclubindia
