Presumtive tax u/s.44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 September 2011
My client conducting a Laundry & dry cleaning shop.Does the above receipts come under presumtive tax i.e.can he declare 8% profit on total turnover & file returns in form no-4S
01 September 2011
laundry and dry clearing CHARGES, are expenses of personal nature,
your query is not representing any business or profession,
your query is not representing any business or profession,
01 September 2011
Dear Anonymous,
Drycleaning and Laundary business is a business u/s 44AD if carried on by individual, HUF or partnership Firm. Hence, you can profit @ 8% directly of turnover without having the burden to maintain books of accounts.
Drycleaning and Laundary business is a business u/s 44AD if carried on by individual, HUF or partnership Firm. Hence, you can profit @ 8% directly of turnover without having the burden to maintain books of accounts.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
