Filling itr 5
This query is : Resolved
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
18 January 2012
gross receipts is exceeding the limit for 44AB, so audit is mandatory above 60 lacs
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 January 2012
DEAR EXPERT
ASSESS IS WORK CONTRACTOR SO, WHAT IS AUDIT LIMIT WHEATHER IT IS 10,00,000 OR 60,00,000
ASSESS IS WORK CONTRACTOR SO, WHAT IS AUDIT LIMIT WHEATHER IT IS 10,00,000 OR 60,00,000
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