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Section 44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 May 2015 Dear Sir,

Please give answer practically to my under given query.

One of our client have T/o of 91 Lacs in the business of construction.

Actual profit before interest & remuneration can be 30 lacs.

Now if i do take 8% u/s 44AD & burn my books.

Is there anything wrong , practically doing the same ?

Please reply it will help u too. Thanks.

Thanks in advance.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
18 May 2015 there is nothing wrong in this.....you can take profit at 8%...

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