Poonawalla fincorps
Poonawalla fincorps

Itr for partnership - ay 2017-18

This query is : Resolved 

05 December 2017 Dear Sir / Madam.,

Our business is Partnership firm. Our Turn over for FY 2016-17 Rs. 38,50,000/-.
we are maintain books of accounts... My questions are

1. How to show the profit for ITR if books maintained u/s 44AA?
2. How to file without Audit?
3. Can we show Profit less than 8% sec 44AB...?
4. We are not like sec 44AD then how to file ITR?
5. Please confirm If we'll file u/s 44AA and profit above 8% then we can claim depreciation..?

please reply we are not file our ITR till date...

05 December 2017 1. If profit 8%

2. Show = /> 8%

3. Yes.

4. Show > 8% profit.

5. After claiming depreciation profit > 8%.

05 December 2017 Thank you for the reply Sir...

we maintain books then we can claim Remuneration & interest before 8% or it's not allowed...


06 December 2017 Hello sir / madam.,
please reply...

07 December 2017 Remuneration and interest is allowable provided the profit after remuneration and
interest should be = / > 8 %.



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