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Income tax query

deepak (PCS) (424 Points)

28 September 2019

If individual service provider income is 40 lac andthen he can showing profit 28 percentage ?

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6 Replies

RAJA P M ("Do the Right Thing...!!!") (127911 Points)
Replied 28 September 2019

Give more details for income...

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sabyasachi mukherjee (27099 Points)
Replied 28 September 2019

Deepak more explicit information is desirable.

deepak (PCS) (424 Points)
Replied 28 September 2019

He is in manpower supply business and turnover of business is approximately 40 lac and after showing expenses his profit is 28 percentage. Can he show this?

deepak (PCS) (424 Points)
Replied 28 September 2019

He is in manpower supply business and turnover of business is approximately 40 lac and after showing expenses his profit is 28 percentage. Can he show this?

sabyasachi mukherjee (27099 Points)
Replied 28 September 2019

Propeitor , partnership or private limited company.

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Kapadia Pravin (17254 Points)
Replied 28 September 2019

@ deepak
This is repeat query. You have raised under another post after raising this post

If you are talking about 44AD then
PVT LTD - it's not applicable
Individual - yes

Without 44 AD , as regular business income both Pvt LTD and individual can show it (no tax audit required)