https://www.taxtmi.com/highlights?id=6409 Assessment u/s 144 - Section 44AD deems the net profit rate at 8% in cases where accounts are not maintained and turnover is up to Rs.40.00 lacs. This however, does not mean that profit will lower when the turnover is more than Rs.40.00 lacs. - AT en-us Mon, 07 Jan 2013 17:29:31 +0530 Mon, 07 Jan 2013 17:29:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=6409 Assessment u/s 144 - Section 44AD deems the net profit rate at 8% in cases where accounts are not maintained and turnover is up to Rs.40.00 lacs. This however, does not mean that profit will lower when the turnover is more than Rs.40.00 lacs. - AT Highlights Income Tax Mon, 07 Jan 2013 17:29:31 +0530 https://www.taxtmi.com/highlights?id=6409