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Filling itr 5

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 January 2012 DEAR SIR,
PLZ CLEAR MY CONFUSION THAT...
GROSS RECEIVED IS12,50,000
PROFIT (8%) IS1,00,000
less: salry to partner IS90,000
TAXABLE INCOME IS10,000

NOW MY QUES.IS

WHERE I SHOW RECIVED AMOUNT, PROFIT AND SALARY TO PARTNER IN ITR 5 EXCELL UTILITY,

HOW CAN I JUSTIFY THAT I FILED UNDER SEC 44AD
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U S Sharma

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U S Sharma (Expert)
18 January 2012 gross receipts is exceeding the limit for 44AB, so audit is mandatory above 60 lacs
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Querist : Anonymous

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Querist : Anonymous (Querist)
18 January 2012 DEAR EXPERT
ASSESS IS WORK CONTRACTOR SO, WHAT IS AUDIT LIMIT WHEATHER IT IS 10,00,000 OR 60,00,000
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