it assessess for example sales turnover rs:40 lacs profit declared rs:4,80,000/- show in it returns sec 44 ad provision.if assessess profit credit by capital account rs:3,20,000/-(profit 8 percentage)
question:
assessess difference profit tax adjustment procedure.
Menu
Profit difference sec 44ad person
Replies (1)
The declaration as per ITR (as per presumptive assessment) has no effect in books of account.
Books of accounts are maintained as per actual profit only.
No question of any adjustment of profits in books...
Recent Threads
- TDS DEDUCTED BUT NOT PAID BY EMPLOYER
- GST RCM GTA
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
- Received this confusing IT notice. How to reply
- Houston Sign Company For Custom Signs, Banners &am
- Refund due to change in GST Rate Tobacco Products
- Lease related query can we rent out lease ?
- Planning of Ceased a Business i.e Closure of Compa
Related Threads
CAclubindia
