44ad for firns for the ay 2017-18
This query is : Resolved
14 October 2017
what is fate of partnership firms opting 44ad if turnover is 80 lakhs. for AY 17-18 not allowing partners remuneration and int not allowed. will they pay huge amount of tsx
14 October 2017
Yes...
You are exactly correct...
Why not you can file u/s 44 ab....?
You are exactly correct...
Why not you can file u/s 44 ab....?
14 October 2017
opting for 44 ab there may be a chance of scrutiny. previously opted for 44ad and now 44ab below 8% of turnover.
17 May 2018
The only option is to maintain books of accounts and get the accounts audited. Scrutiny is not something to be afraid of if your documents are strong and valid.
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
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Applicability of Ind As to associate of associate
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
