Radhey a trader having turnover of ₹ 90,00,000 from textile business inclusive of turnover of ₹ 20,00,000 carried through banking channel by way of drafts and online payments had opted to pay tax as per Section 44AD of the Income-tax Act. The amount of income which shall be taken for the purpose of tax for AY 2021-22 under the head income from business and profession is

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Question:Radhey a trader having turnover of ₹ 90,00,000 from textile business inclusive of turnover of ₹ 20,00,000 carried through banking channel by way of drafts and online payments had opted to pay tax as per Section 44AD of the Income-tax Act. The amount of income which shall be taken for the purpose of tax for AY 2021-22 under the head income from business and profession is

1.₹ 9,00,000

2. ₹ 6,80,000

3. ₹ 7,20,000

4. ₹ 5,40,000

Posted by R4R Team
  1. Radhey a trader having turnover of ₹ 90,00,000 from textile business inclusive of turnover of ₹ 20,00,000 carried through banking channel by way of drafts and online payments had opted to pay tax as per Section 44AD of the Income-tax Act. The amount of income which shall be taken for the purpose of tax for AY 2021-22 under the head income from business and profession is
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