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Comments on New Section 44AD - Text and DiscussionDisplaying 1 - 10 of 44 in 5 pages
SACHINWrote on 02 May 2013HELLO SIR, CAN I FORM 4-5 PARTNERSHIP FIRMS FOR SPLITTING INCOME SO THAT IT REMAINS BELOW 1 CRORE TO CLAIM BENEFIT OF 44AD. PARTNERS WILL BE FAMILY MEMBERS ONLY. IS LIFTING OF CORPORATE VEIL IS APPLICABLE TO PARTNERSHIP FIRMS? PLEASE HELP.
K D SharmaWrote on 25 January 2013Dear Sir, I have filed my Income Tax Return on the basis of preasumptive income U/s 44AD. Can I claim deduction U/s 80C in respect of LIP & U/s 80D in respect of Mediclaim, please explain me Thanks & Regards K D Sharma kds70@rediffmail.com
RakeshWrote on 09 December 2012Sir thank you so much for providing such useful information but can you please guide me regarding advantages and disadvantages if we file under this sec. mainly i am concerned about disadvantages.
BIKASH GUPTAWrote on 06 September 2012assessmeny year : 2012-13 A person carrying on retail business,having turnover of rs.55L with net profit of 15%,can file his return under presumptive taxation scheme? can anyone help me plz.
pankaj chourasiyaWrote on 13 June 2012please solve the query, one person has taken a property on rent from his mother and thereafter running a hostel over there. Is this income will be the covered under Sec. 44AD?
Prashant R. KariaWrote on 11 April 2012As previously 44AD was applicable only to retail shop hence any manufacture can opt for 44AD?
nileshWrote on 21 March 2012PREVIOUS F.Y.2010-2012 44AD SECTION AUDIT OF PROPRIETOR SHIP BUSINESS IN THIS YEAR 2011-2012 TDS RULES FOR COMMISSION AND INTEREST PAYBALE RajaWrote on 20 March 2012A small doubt sir. A plain reading of the provision says that this section applies only to business and not to profession. Clarify me if i am wrong?
Nadeem WasibWrote on 23 September 2011Is exemption of 160000 permisible or not from the presumptive income of 8%? |
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