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Section 44ad

This query is : Resolved 
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(Querist)
05 July 2019 Dear Experts

My Turnover is less than Rs 50 lakhs. My profit margin is more than 12%. But Still Can I claim 8% u/s 44AD?. Will this lead to concealment of income

Please help
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 July 2019 Still You Can claim 8% u/s 44AD, this will not be considered as concealment of income

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