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sec 44 AD

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(Querist)
13 May 2011 is it possible to declare 8% profit u/s 44AD and keep lower profits in books maintained for income tax purposes
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CA J KUMAR

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CA J KUMAR (Expert)
13 May 2011 Yes, it is possible to declare profit @8% in return and keep lower profit in books, if assessee wants to declare lower profit in return then he has to get audited his accounts.

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