Renjith.R.s. (Manager-Accounts) (641 Points)
10 March 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 10 March 2017
ITR 4S. Income tax can be assessed u/s. 44AD.
Renjith.R.s.
(Manager-Accounts)
(641 Points)
Replied 10 March 2017
Net Profit will come around 1.5 lakhs only
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 10 March 2017
No problem, thats 10%.You can declare it in ITR 4S.
Amit kant
(ca)
(37 Points)
Replied 10 March 2017
Renjith.R.s.
(Manager-Accounts)
(641 Points)
Replied 10 March 2017
U/S 44AD if he declare tax @ 8% on Gross TO- No need of maint. books of accounts U/S44 AA-Correct?
Whether he can declare his income at lower income less than 2 lakhs? In this case whether he has to keep books of accounts?
Amit kant
(ca)
(37 Points)
Replied 10 March 2017
Renjith.R.s.
(Manager-Accounts)
(641 Points)
Replied 10 March 2017
Contractor's profit margin itself coming around 3-4 %, whether he is liable to pay tax @ 8% on entire TO?
imrankhan
(Teacher)
(128 Points)
Replied 12 March 2017
CAclubindia
