44-ad

This query is : Open

TARIQUE RIZVI (Querist)
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26 November 2014 8.00% Nett Profit against the Gross Receipt should arrive before [Depreciation + Remuneration] or after [Depreciation + Remuneration]. 8.00% Nett Profit against the Gross Receipt or against the business income.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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26 November 2014 no sepearate deduction like dep n all is given ...charge flat on gross reciepts and its deemed that u are allowed all such exp.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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26 November 2014 8% of the turnover. remuneration to partners is provided after the 8% profit computation.

depreciation tushar has already explained

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Rupesh Jain

Rupesh Jain (Expert)
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26 November 2014 for 8% calculation flat 8% on gross receipts if partner ship firm you can claim remuneration after that.

CA Nilesh P. Kanodia

CA Nilesh P. Kanodia (Expert)
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27 November 2014 what kind of necessary documents need to kept for claiming 44AD?

if any of buyer among several buyer wants invoice can assessee (u/s 44AD) can issued the same?

CA Nilesh P. Kanodia

CA Nilesh P. Kanodia (Expert)
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27 November 2014 what kind of necessary documents need to kept for claiming 44AD?

if any of buyer among several buyer wants invoice can assessee (u/s 44AD) can issued the same?