IT RETURN
saharu (b.com) (4 Points)
04 August 2017
incase a assesse having business income us44AD how the tax calculation should be.....
2 Replies
RAMESH D MODI
(Proprietor)
(4869 Points)
Replied 04 August 2017
calculation of tax on 8% or 6% of total gross receipt from the business.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 04 August 2017
Yes. Assessee ll be file his ITR u/s 44AD he can show the profit 8% or above 8%.
If the assessee get his all receipts in electronic mode / bank mode then he can file profit 6%. The condition is very must for show the profit 6%.....
If the assessee get his all receipts in electronic mode / bank mode then he can file profit 6%. The condition is very must for show the profit 6%.....
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