Read 7 comments as:
Filter By
If you have been claiming 44ada full 50% for past few years you will be getting an assessment notice this year. Don’t exceed more than 35-40%.
Why tf will I get a notice when the law allows me to get 50% deducted without having to show any books? Thats my right as a professional, we have to incur expenses for our practice by ourselves.
lol its more like if weren't claiming full 50% under 44ada for the past few years and have started doing it this year or last year, then you would definitely be getting notice !
Incorporate your practice. Make your Mercedes Benz, Foreign Vacations etc a business expense. Consult with a CA.