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(Querist)
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?
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Amol S Joglekar

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Amol S Joglekar (Expert)
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
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