Section 44AD in Case of Proprietorship and Partnership
Last updated at Dec. 16, 2024 by Teachoo
Chapter 7 Business Income-Patnership
How Many Pan Card and ITR in case fo Partnership
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- Chapter 1 Introduction
- Chapter 2 Different Heads of Income
- Chapter 3 Different ITR Forms & Due Dates
- Chapter 4 Income Tax Rates
- Chapter 5 Income from Salary & Deductions
- Chapter 6 Business Income-Proprietorship
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Chapter 7 Business Income-Patnership
- Chapter 8 Income from House Property
- Chapter 9 Income from Capital Gain
- Chapter 10 Employee on Contract
Transcript
Section 44AD Example Section 44AD Example What is Tax on Turnover of 50 lacs in Case of Proprietorship and Partnership Proprietorship Cash Turnover Cash Turnover 5000000 5000000 Profit 8% Tax 12500 Rebate Partnership Cash Turnover 5000000 Profit 8% 400000 Tax as per Slab Rate Tax becomes 0 because of Rebate Flat Tax @ 30% + Cess No Rebate
