Presumptive taxation
D G MOHAN (PARTNER) (171 Points)
10 May 2017D G MOHAN (PARTNER) (171 Points)
10 May 2017
vishnu mittal
(Accountant)
(36 Points)
Replied 10 May 2017
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 10 May 2017
RAMA KRISHNAN
(247 Points)
Replied 10 May 2017
Studentsca
(CA Practice )
(3577 Points)
Replied 11 May 2017
RAMA KRISHNAN
(247 Points)
Replied 11 May 2017
D G MOHAN
(PARTNER)
(171 Points)
Replied 11 May 2017
Thanks Gentlemen
For our turn over of Rs25 lakhs NP will be Rs2 lakhs @ 8%. How much tax is payable without audit for partnership firm for this year. Sec44AD2 has been deleted now. Please give tax for last year also.
Studentsca
(CA Practice )
(3577 Points)
Replied 11 May 2017
Studentsca
(CA Practice )
(3577 Points)
Replied 11 May 2017
Anmol Chugh
(92 Points)
Replied 30 May 2017
Tax audit is compulsory irrespective of the fact that you are opting for presumptive taxation(Section 44AD) as you are liable for tax audit u/s 44AB (profit below 8%).