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 ?