44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 July 2012
is there any disadvantage to adopt 44AD while paying tax, having turnover less than 60,00,000..? should one adopt it or not, pls rep.......
23 July 2012
If you adopt 44AD, you have to pay tax on total income of Rs 480000 i.e., 8% of Rs 6000000. so if you think that your total income is less than 8% than you should have to maintain proper books of accounts & have to audited the same.
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 July 2012
Thanks alot......
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
