sec 44ADA
Sree Vidya (student) (128 Points)
11 August 2017
Hi, may i show more than 8% as presumptive income basis under sec 44ada.
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177891 Points)
Replied 11 August 2017
Anything less than 50% margin u/s. 44ADA, attracts tax audit...........
RAMESH D MODI
(Proprietor)
(4869 Points)
Replied 11 August 2017
8% is for 44Ad and not for 44ada . So for 44ada u will have to declare 50% or more
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