Dear expert.
Can i declare the presumptive profits more than 8% (i.e. @ 20%) u/s 44AD. Is there any trouble??
This request is for confirmation.
Thanks
9 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 30 July 2019
No more trouble...
You can declare with as per Your view.
You can declare with as per Your view.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 30 July 2019
You are most welcome Dear...
NAGESWARAN
(ACCOUNTANT)
(834 Points)
Replied 30 July 2019
One more doubt sir..
In that case we can deduct depreciation of fixed assets as per WDV..
In that case we can deduct depreciation of fixed assets as per WDV..
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 30 July 2019
Yeahhhh... You can less the value in FA.
NAGESWARAN
(ACCOUNTANT)
(834 Points)
Replied 30 July 2019
Sir it means depreciation value less in computation. is it correct
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 30 July 2019
No... It's not under Computation sheet. Just provide before the value of 8%.
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