query on 44AE
Sri Snigdha (Articles Assisstant) (499 Points)
28 May 2018Sri Snigdha (Articles Assisstant) (499 Points)
28 May 2018
ALKESH T MEHTA
(SR.ACCOUNTANT)
(346 Points)
Replied 28 May 2018
Suppose,your i turnover of the year is lessthan Rs.2 Cr.,then 8% of it Rs.16lakhs,is to be declared as profit & tax is to be paid accoridngly.In case of digital receipts 6% of Rs.2Cr.i.e Rs.12lakh scan be considered as income .You are not supposed to keep books of account or get audit in case of Sec.44AD.This option is better.