Section 44AD in Case of Proprietorship and Partnership

Last updated at April 16, 2024 by

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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

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.