44ad
This query is : Resolved
25 February 2013
How the applicability of chapter-XVII-B is done u/s 44AD? Is interest u/s 234A/B/C leviable on tax payable if assessee files return u/s 44AD?
25 February 2013
since return is filed U/s. 44AD that means the Person may be Individual or HUF or may be a Partnership Firm.
for Individuals or HUF - XVII is applicable only if they have get accounts audited U/s.44AB in the preceding FY
For Partnership Firm - XVII is applicable in any case
No Interest is not payable U/s. 234A/B/C
if the return is filed U/s. 44AD
for Individuals or HUF - XVII is applicable only if they have get accounts audited U/s.44AB in the preceding FY
For Partnership Firm - XVII is applicable in any case
No Interest is not payable U/s. 234A/B/C
if the return is filed U/s. 44AD
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