Easy Office
Easy Office

Profit

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(Querist)
05 February 2009 when books of accounts are not maintained by the concern(Small business).
what is profit to be taken for IT return filing but turnover is clearly given....
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CA Suresh Choudhary

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CA Suresh Choudhary (Expert)
05 February 2009 It depend up on the nature of the business.
Refer the section 44AD/AE/AF of income tax act for presumptive income.

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