Audit limit for work contractor
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 January 2012
Dear Expert,
Plz tell me what is audit limit of work contractor.
Plz tell me what is audit limit of work contractor.
18 January 2012
audit limit will be 60 lakh,
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 January 2012
DEAR SIR,
PLZ CLEAR MY CONFUSION THAT...
GROSS RECEIVED IS12,50,000
PROFIT (8%) IS1,00,000
less: salry to partner IS90,000
TAXABLE INCOME IS10,000
NOW MY QUES.IS
WHERE I SHOW RECIVED AMOUNT, PROFIT AND SALARY TO PARTNER IN ITR 5 EXCELL UTILITY,
HOW CAN I JUSTIFY THAT I FILED UNDER SEC 44AD
PLZ CLEAR MY CONFUSION THAT...
GROSS RECEIVED IS12,50,000
PROFIT (8%) IS1,00,000
less: salry to partner IS90,000
TAXABLE INCOME IS10,000
NOW MY QUES.IS
WHERE I SHOW RECIVED AMOUNT, PROFIT AND SALARY TO PARTNER IN ITR 5 EXCELL UTILITY,
HOW CAN I JUSTIFY THAT I FILED UNDER SEC 44AD
20 January 2012
Hey my friend,
i think u little worried about that
ok u need not to show salary paid to partner in itr 5 because as per section 44 AD it is deemed. u have to show only profit.
i think u little worried about that
ok u need not to show salary paid to partner in itr 5 because as per section 44 AD it is deemed. u have to show only profit.
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