01 August 2016
There is firm having export turnover and claiming duty drawbacks. It declares profits under section 44AD @ 8%. Do we have to separately tax the export incentives or it is deemed to be included in the profits under section 44AD?
01 August 2016
8% or actual whichever is higher....as declared by assessee.... everything is deemed to be included in that.....whatever has come from business
CAclubindia
