44-AD & PVT LTD COMPANY


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A query asks whether a private limited company can file its Income Tax Return (ITR-6) under the presumptive taxation scheme of Section 44AD. The response clarifies that Section 44AD is specifically designed for individuals, Hindu Undivided Families (HUFs), and partnership firms, and therefore, it is not applicable to companies.

12 October 2020 Respected Sirs regards to all of you I shall be highly obliged should you kindly please guide me
One of my clients is a pvt ltd company. Can we file ITR-6 under 44-AD presumption scheme ?

12 October 2020 44AD not applicable to companies.

12 October 2020 Thanks sir with kindest regards


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