29 June 2011
For Presumptive income Sec 44 AD , From 8 % of profits if there is any disallowance in the books means we want disallowed it are ,we can show only 8% profits ...
29 June 2011
It is not 8% of profits , it is 8% of Gross Receipts i.e. excluding any expense. For Sec 44AD , normal provisions of 'Income from Business Head' dont apply,
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