44 AD
This query is : Resolved
06 June 2011
As per New provision of incometax of Sec 44AD :-
The scheme is applicable for any business excluding a business already covered under Sec. 44AE) which has a maximum gross turnover /gross receipts of 60 lakhs.
Is it also includes manufacturing concern??
The scheme is applicable for any business excluding a business already covered under Sec. 44AE) which has a maximum gross turnover /gross receipts of 60 lakhs.
Is it also includes manufacturing concern??
CA MANOJ GUPTA
(Expert)
06 June 2011
IT INCLUDES ANY BUSINESS WHETHER MANUFACTURING TRADING OR WHATEVER
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