Return for a.y 2010-11

sanju (Accountant) (348 Points)

25 December 2012  

Dear Experts,

 

under sec.44 ad( presumptive income) we can declare 8% profit on total recipt( if gross receipts  not exceeding Rs.60lacs.  is this ap[plicable for A.y 2010-11?

please answere me friends.

 

Thanks in advance.