Profit u/s 44ada
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 June 2017
Sir
I have prepared the P &L on the estimated basis and want to file return u/s 44ADA for this year. How to maintain cash in Hand for reporting in the return.
Pl advise.
Regards
I have prepared the P &L on the estimated basis and want to file return u/s 44ADA for this year. How to maintain cash in Hand for reporting in the return.
Pl advise.
Regards
13 June 2017
Cash in hand and at bank report at actual. Report actual turnover then you will not face any problem.
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 June 2017
Is it compulsory to report 50% profit for professionals.
Or it can be more under this scheme 44ADA.
PL guide
Regards
Or it can be more under this scheme 44ADA.
PL guide
Regards
13 June 2017
it can be 50% or more. no issues even if you report 100% as profit.
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