Section 44ad
This query is : Resolved
04 August 2014
while showing turnover u/s 44AD presumptive scheme, can i consider income from other sources like bank interest etc in the turnover ?
04 August 2014
No. Bank interest should be shown under the head Income from other sources.
04 August 2014
then were computation will be based on normal turnover and income from other sources individually and tax will be computed on the sum of the two??
04 August 2014
calculate income form business as per 44AD and add the income from other source, this will give you gross total income.
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
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- NR GST NUMBER
- TDS RATE ON RENT PAID TO NRI
- GST Form ADT-02
- TCS ON SOFTWARE SALES
- FREELANCING ACCOUNTANT
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- Query Regarding on TDS section 194H and 194J
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
