Bank entry
Manish jain rs 10000 dr.
Question
Accounts Tax GST
March 7, 2017, 7:04 p.m.
Answer
Hi Team ! Pls explain as under Question 2 in Case 1, profit has been shown as Rs. 2,00,000 but why in answer it has taken just Rs. 80,000 and not Rs. 2,00,000 while as per rule the assesses can show more than 8% profit also as per Section 44AD, and it's been shown in question itself. You explained Case 3 & 4 but not Case 1. Do expenses not considered at all with respect to Section 44AD. So pls clear my doubt.
Thanx in advance!
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