IF PVT LTD AND INDIVIDUAL is in manpower supply business and turnover of business is approximately 40 lac and after showing expenses NET profit is 28 percentage. QUERY IS
1) CAN THEY SHOW IT?
1 Replies
Kapadia Pravin
(17259 Points)
Replied 28 September 2019
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)
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)
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