U/s 44ad

Tax queries 361 views 1 replies

in new circular of audit u/s 44ad 

 

                                       under 44 ad gross reciept or turnover given, in gross receipt interest is included or not         

 

plz clearfy it

Replies (1)

Income directly earned frm activities of business is considered as Gross reciept, accordingly check wther such int is earned from business activites or not.

If yes then is included otherwise not.


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