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Section 444# clarity

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(Querist)
04 January 2015 How section Should be interpreted Actual profit percentage or 8% Whichever is higher Or is it an option to claim 8% net profit even if assesse has more than 8%net profit actually
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CA Kumar Mukesh

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CA Kumar Mukesh (Expert)
05 January 2015 Section 44AD is talked about only minimum profit should not be less than 8% of turnover. However assessee can shown higher % also

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