presumtive income u/s 44AD
This query is : Resolved
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.
24 March 2010
It is 8% w.e.f 01/04/2011.
25 March 2010
Sir u mean to say for both construction & retail we have to consider 8%
25 March 2010
Yes
28 March 2010
yes from A/Y 10-11 it is 8 %
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