watch_later 16/07/23


It assessess presumptive scheme of income tax net profit 8 precent on cash sales and net profit 6 precentage on digital sales declared.


Assessess how the bifurcation of debtors un paid balance finilazation of balance sheet.

1 Response | Latest response: 18/07/23 | Sort by Likes(thumb_up) Recent | Income-Tax Reply
watch_later 18/07/23

44AD provides relief from scrutiny in case profit is declared at a specified rate. However, as a business entity you have to maintain books of accounts.

You can show debtors and creditors as shown in your books whether accurate or not. Since IT department can only verify sales and nothing else.


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