44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 November 2011
MY FATHER IN IN THE NETWORKING BUSINESS. I AM FILLING RETURN AS BUSINESS AND GETTING REFUNDS FROM PAST THREE YEARS. ACTUALLY IN THIS BUSINESS INVESTMENT IS NIL, ACTUAL EXPENSES IS NIL TO 1% AND NOW TIME IN BUSINESS IS ALSO 8 TO 10 DAYS IN A YEAR. THEY RECEIVING 350000 TO 400000 IN A YEAR. I FILE RETURN ON BASIS OF FR..D EXP AND GET REFUND. CAN I FILL RETURN UNDER SEC 44AD.
19 November 2011
You can file his return U/s 44AD as -
1. Your father, being an Individual, is an "eligible assessee."
2. He is carrying on the business and the said business is an "eligible business".
3. Turnover/ Gross Recipts does not exceed
60 lacs.
1. Your father, being an Individual, is an "eligible assessee."
2. He is carrying on the business and the said business is an "eligible business".
3. Turnover/ Gross Recipts does not exceed
60 lacs.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Regarding Applicability of Tax Audit u/s 44AB
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Putting a heading on received mail
- Foreign lottery ticket bought online from India: legality, tax and consequences
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Reprocessing of rectification order AY 2025-26
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
