Tax Authority Rightly Applies 10% Net Profit Rate on Contract Receipts Over Limit u/s 44AD.

Tax Authority Rightly Applies 10% Net Profit Rate on Contract Receipts Over Limit u/s 44AD. https://www.taxtmi.com/highlights?id=4340 Applying net profit rate of 10% on the contract receipts - Section 44AD - where the turnover was exceeding the prescribed limit, the CIT(A) was justified in estimated 10% profit on the gross contract receipts - AT en-us Tue, 10 Jul 2012 09:38:30 +0530 Tue, 10 Jul 2012 09:38:30 +0530 TaxTMI RSS Generator Tax Authority Rightly Applies 10% Net Profit Rate on Contract Receipts Over Limit u/s 44AD. https://www.taxtmi.com/highlights?id=4340 Applying net profit rate of 10% on the contract receipts - Section 44AD - where the turnover was exceeding the prescribed limit, the CIT(A) was justified in estimated 10% profit on the gross contract receipts - AT Highlights Income Tax Tue, 10 Jul 2012 09:38:30 +0530 https://www.taxtmi.com/highlights?id=4340