Does gross receipts include reimbursements section 44ada ?
This query is : Resolved
03 August 2017
I am a consulting professional. I have received reimbursements from my clients of Rs. 2 lacs and my billing is of Rs. 8 Lacs. Can I go for Presumptive Taxation under Section 44ADA ? If I opt for presumptive taxation on what amount 50% profit will be calculated Rs. 8 Lacs or Rs. 10 Lacs.
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
- TDS-194M Contract
- 44AD PRESUMPTIVE RATE ON CREDIT SALES
- After retirement
- Treatment of Car allowance
- Section 44AE
- TDS applicability for partnership firm
- TDS on Property
- Dried Vegetable Sale from Rajasthan to MP, E-way Bill compulsory or not?
- Input tax credit on modular office kitchen
- Is GST threshold limit applicable for services by Indian firm, receipts receiving from foreign accou
- Gst registration in the state of maharashtra
- GSTP registered individual should apply gstin for trading business
- Liability for GST registration in case of commission agent dealing in the sale of land.
- GST Payable Entry
- Reporting Missed Sale in GSTR-3B
- Salary return 24Q Q-4 FY 2024-2025 AY 2025-2026
- Amazon.com Tax Report
- HOW TO PAY GST --CALCULATION OF FORMULA....IF ANY
- TDS u/s 194-IA on the Home Loan Disbursement Amount
- HOW TO CALCULATE FOOD CHARGES
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
