Clarification regarding income tax

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Sadhu GOPALA KRISHNA (Querist)
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17 October 2016 MY TURNOVER IS BELOW 1 CRORE AND I HAVE ADOPTED 44AD WHETHER DISALLOWANCE U/s 40a(ia) is applicable or not?

CA R SEETHARAMAN (Expert)
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17 October 2016 When opted for 44AD, dis allowance u/s 40a(ia) is not applicable.

Rajat Aggarwal (Expert)
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17 October 2016 40(a)(ia) is not applicable. because income is computed as a percentage of turnover. no question of disallowance of expenses

Amol S Joglekar (Expert)
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17 October 2016 not applicable. All deductions are presumed to have been claimed

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