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Vikash, a resident individual, filed his income tax return for AY 2022-23 declaring a total income of Rs. 465,200 under section 44AD of the Income Tax Act. His income was from other services and he maintained books of account. He had a gross receipts/turnover of Rs. 758,000 with a book profit of Rs. 465,200 (61.37% of turnover) and deemed profit of Rs. 60,640 (8% of turnover). No tax was payable after claiming rebate under section 87A. Details of his bank accounts, assets and liabilities were provided in th

Author

r66125082

Language

EN