Section 44ad applicable
This query is : Resolved
21 August 2013
Plz help me in case of Amount received from company for rent on plant and machinery Rs.55 lakh on which 2 % TDS is deducted by company and contract payment of labour supply to company Rs.40 lakh on which also 1% TDS is deducted.So my total receipts is Rs.95 Lakh and TDS is 1.5 lakh.
Can i use 44 AD section and show net profit above 8%.Book are not required
Can i use 44 AD section and show net profit above 8%.Book are not required
21 August 2013
mention about the business of your company for proper advising.
21 August 2013
Since you are the contractor and your profit is above 8% of the total turnover than you can file your return in form No. 4S and take the shelter of Section 44AD
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?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
