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presumtive income u/s 44AD

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(Querist)
24 March 2010 what is the presumtive income rate u/s 44AF after it is being merged with section 44AD. whether it is 5% or 8% or both.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
24 March 2010 It is 8% w.e.f 01/04/2011.
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Insanity Rocks

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Insanity Rocks (Querist)
25 March 2010 Sir u mean to say for both construction & retail we have to consider 8%
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Rahul Vora

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Rahul Vora (Expert)
25 March 2010 Yes
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
28 March 2010 yes from A/Y 10-11 it is 8 %

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