Sec 44ad is repairs & or stitching chgs received -receipts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 November 2011
my client, a dealer in empty gunnies and made turnover of Rs.22lakhs and he also receives Rs.3.75 lakhs towards stitching and repairs to gunny bags.
can he declare greater than equal 8% on Rs.25.75 lakhs(ie 22lakhs + 3.75 lakhs)u/s 44AD.?
pl.clarify.
can he declare greater than equal 8% on Rs.25.75 lakhs(ie 22lakhs + 3.75 lakhs)u/s 44AD.?
pl.clarify.
28 November 2011
Yes, He has to offer minimum 8% of income on Rs.25.75 lacks because stitching and repairs also treated turnover.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
Message likes :
1 times
28 November 2011
Agree with expert
Message likes :
1 times
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?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Import license renewal
- Inventory of finished goods
- 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
