watch_later 01/04/21


It return sec 44ad filer

F.y.18-19  GP 13 % NP 10.50%

F.y.19-20 GP  14% NP 10.80%

F.y.20-21 GP 12% NP 8%

If sales and purchase in f.y.20-21. increased.


If any penalties and other tax charged in it and gst act.

1 Response | Latest response: 02/04/21 | Sort by Likes(thumb_up) Recent | General Reply
watch_later 02/04/21

Under section 44AD you have to show a minimum 8% profit (6% in case of transactions in other than cash). In your case there will no issue.

You are showing profit at 8%, so there will be no issue under IT. GST department does not check your profits.


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