Yash Chawda (300 Points)
20 November 2017partneship firm
turnover -40 lakhs
net profit - 6 lakhs
books of accounts are maintained
1) so my question is can he claim the deduction u/s 40b becz he maintains books of accounts and show profit more than 8%
2)in above case he count as opt for 44ad or not ?????
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 20 November 2017
1. Yes, provided the net taxable income is equal to or more than 6/8%
2. No.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 20 November 2017
Very Much sure for..........."Yes, provided the net taxable income is equal to or more than 6/8%" and when not opted for presumptive taxation scheme.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 20 November 2017
Most Welcome, Dear.........
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 20 November 2017
rama krishnan
(12239 Points)
Replied 20 November 2017
Sankalp Jain
(39 Points)
Replied 21 November 2017
Yash Chawda
(300 Points)
Replied 21 November 2017
Yash Chawda
(300 Points)
Replied 21 November 2017
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