adhoc determination of income under income tax.

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..... adhoc determination of income under income tax.
Query (Issue) Started By: - gangaram chandwani Dated:- 4-2-2012 Last Reply Date:- 21-2-2012 Income Tax
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Income Tax
Are there any .....

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..... case laws available on subject of adhoc additions and adhoc determination of income under income tax law? Reply By SHARIQUE TAHSEEN: The Reply: Hi Chandwani, There is no adhic basis of calculation .....

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..... of income tax. But the newly incorporated section 44AD provides for 8% of the gross receipts/gorss turnover as the net income from business. However, this section is not applicable in case of Professi .....

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..... onals( as defined in Income Tax). Regards SHARIQUE
Discussion Forum - Knowledge Sharing .....

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