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Querist : Anonymous

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Querist : Anonymous (Querist)
25 September 2011 Sir,

A assessee who have service centre of Mobile phones and having gross receipts less than 40 lacs, can declare income u/s 44AD ?
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CA Sreenivasa Rao Munaga

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CA Sreenivasa Rao Munaga (Expert)
27 September 2011 Yes, they can voluntarily declare 8% of turnover as profit.

Thanks,
CA M Sreenivasa Rao.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
07 October 2011 Yes I agree with the expert
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