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44AD 6% 8%

CA Raj Doshi (Practising CA) (8924 Points)

10 May 2017

Is it mandatory to bifurcate digital turnover and cash turnover while offering income u/s 44AD ? Cash turnover is very less and my profit is more than 8% which I want to offer for tax.

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7 Replies

Ashpak Ahmed (2 Points)
Replied 10 May 2017

no need for bifurcation go for 44AD with 8%

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CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 10 May 2017

If you file your return u/s 44AD then you have to bifurgate that income.
But in case you are filing ITR-3 then you will not requird to bifurgate

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Ravi Maurya (3 Points)
Replied 10 May 2017

your turnover is any else your profit will be 8 percent .and that's your income.

CS Advocate Abhishek Goyal (M Com FCS LLB M-AIMA ) (13706 Points)
Replied 10 May 2017

Not mandatory to bifurcate it is only if you claim that some of your turnover consists of non cash transactions. In that case you can show at 6% else at 8%.

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