44ad

Tax queries 478 views 1 replies
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126 Points Joined January 2010

If business profit as per P & L A/c is 30% (NP Ratio) then assessee can declare income u/s 44AD and if yes then at what % either 8% or 30%?????

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On 02 August 2011 at 12:09 Report
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yes he can declare ...8% is minimum limit to show ur income under section 44ad ......so u can show it at 30%

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On 02 August 2011 at 12:12


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