28 March 2019
DEAR SIRS, ASSESSE HAS PURCHASE IS HIGHER THAN SALES IN 44AD WHICH IS CALCULATED AS A TURNOVER SALES OF PURCHASE ? WHAT IS PROVISION OF AUDIT IF HE CLAIMS LOSS, AS ACTUALLY ITS LOSS. BUT ASSESSEE WISHES TO DECLARE PROFIT OF 8%
30 March 2019
DEAR SIRS, ASSESSE HAS PURCHASE IS HIGHER THAN SALES IN 44AD WHICH IS CALCULATED AS A TURNOVER SALES OF PURCHASE ? WHAT IS PROVISION OF AUDIT IF HE CLAIMS LOSS, AS ACTUALLY ITS LOSS. BUT ASSESSEE WISHES TO DECLARE PROFIT OF 8%.TURNOVER IS RS. 55,22,387/- (SALES) AND PURCHASE RS. 60,45,115/-
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