what is the meaning of Amount earned as per sec.44AE
if amount earned = net of expense
then read below case and give suggestions.
receipt as per 26AS is Rs.620000
how much I can show under presumptive scheme 44AE.
less then 620000
or equal to 620000
please provide answer with reason.
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Amount actually earned as per Sec44AE
Replies (1)
You have show total 620000 , because being the amount given per ton is presumed to be net of expenses and thus , you should show all the income of 620000.
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