Advice required
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 September 2011
Sir,
A assessee who have service centre of Mobile phones and having gross receipts less than 40 lacs, can declare income u/s 44AD ?
A assessee who have service centre of Mobile phones and having gross receipts less than 40 lacs, can declare income u/s 44AD ?
27 September 2011
Yes, they can voluntarily declare 8% of turnover as profit.
Thanks,
CA M Sreenivasa Rao.
Thanks,
CA M Sreenivasa Rao.
07 October 2011
Yes I agree with the expert
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