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Transcript

Section 44AD Example Proprietorship Cash Turnover 5000000 Profit 8% 400000 tax 12500 rebate 12500 Partnership Cash turnover 5000000 profit 8% 4000000 tax 30% 120000 rabaye 0 Tax as per Slab Rate Tax becomes 0 because of Rebate Flat Tax @ 30% + Cess No Rebate

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.