TMI Blogincome taxX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear sir income tax u/s 44AF and 44AD deduction 80 C 1,00,000/- claim A.Y. 2011-12 and A.Y 2012-13 - Reply By CA Rachit Agarwal - The Reply = Income Tax u/s 44AF- AY 2011-12: Business ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Profit @ 5% will be chargeable. AY 2012-13: In-operative (Will come under 44AD) Income Tax u/s 44AD- AY 2011-12- Only business of civil construction or supply of labour for civil construct ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion AY 2012-13- Any business including supply of labour, sale of goods and others. Contents of 44AF wouldcome under this section and minimum profit to be filed @ 8% For further clarifications read ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Finance Act No-2, 2009 Contact Details- carachitagarwal@sify.com - income tax - Query Started By: - amit kumar Dated:- 5-4-2011 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... edge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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