Section 444# clarity
This query is : Resolved
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
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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