I have query for it return for ay 2012-13. What is the tax liability for given below details? as per 26AS total ternover is rs 4897912.00 and TDS has to deducted Rs 90212.00 and no other any income. please tell me in details as per u/s 44ad.
28 June 2014
Income to be shown u.s 44AD should be below Rs. 391833 for turnover of Rs. 4897912. For AY 2012-13, if assessee is Individual/HUF, total tax liability is Rs. 21,820/-, while if assessee is partnership firm, total tax liability is Rs. 1,21,080. TDS can be adjusted against such liability.
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