Question ID :
38202
INCOME U/S 44AD & ADA (COMBINED)
X an individual is having Turnover u/s 44AD Rs 75.00 L + Turnover u/s 44ADA 25 L = Total Tunover 100 L.
My query is whether 44ADA limit of Rs 50.00 L will be considered independently, or will have to be taken Gross Turnover , in our case it comes 100 L. So can we file income under provision of 44AD and 44ADA both, by declaring 8% and 50% of gross receipts in respective section.
posted by
pradeep kumar agrawal
on
Jun 13 2019 12:00AM