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Section 44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 August 2012 Dear Sir,
Suppose actual net profit is Rs. 182000/-, however assessee opted sec. 44AD and declared net profit Rs. 215000/-.
Now please advise me, I should transfer Rs. 182000/- or Rs. 215000/- to assessee capital a/c.

Please reply soon.
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Pankaj Gupta

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Pankaj Gupta (Expert)
31 August 2012 Your profit as per accounts(as shown in return) is 215000. Hence this should be added to the capital account.

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