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44ad

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(Querist)
30 September 2014 Does 44ad apply to partnership firm carrying on a business n having sale Rs 2,00,000? (there is net loss of Rs 8000)
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
01 October 2014 yes 44AD is applicable...to claim loss, you shall have to get the accounts audited.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
01 October 2014 yes audit is necessary in this regard........




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