44ad or 44ada

Querist : Anonymous (Querist) 20 October 2021 This query is : Resolved
real esate brokerage recd...23 lac.........income under 44ad / 44ada if 50%....11,50,000 sub-brokerage paid by chq.....15lac can we show income below 5 lac.....after audit..??? any other ...solutions / pre-cautions

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Ksreddyacs (Expert) 23 October 2021
Yes you can show... But you should deduct tds on sub-brokarage other wise your expenditure get disallowed

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