17 July 2012
Sir, we are a partnership firm engaged in labor contractor business.and our turnover is under limit prescribed limit we want to file return of income under section 44AD and want to claim of salary paid to Partner.
for the purpose please tell me what is book profit where we did not maintain any books
Guest
Guest
(Expert)
17 July 2012
yes, you can claim the salary as well as interest paid to partners
Querist :
Anonymous
Querist :
Anonymous
(Querist)
17 July 2012
thank you sir but my question is what will be book profit where we have not maintained any books of account except receipts records
CAclubindia
