44ad of income tax
This query is : Resolved
SHREYANSH B SHAH
(Querist)
26 March 2014
Hi expert
One of my Proprietor Client doing two Bisiness
1. JOB Working
2. Trading
Now Total T/o is 1.3 crore( 7 lac- Job Work and 60 lac -trading )
In this case whether I can go for 44AD in case of trading as t/o is 60 lac and in case of JOB work regular return
One of my Proprietor Client doing two Bisiness
1. JOB Working
2. Trading
Now Total T/o is 1.3 crore( 7 lac- Job Work and 60 lac -trading )
In this case whether I can go for 44AD in case of trading as t/o is 60 lac and in case of JOB work regular return
Nikhil Kaushik
(Expert)
26 March 2014
nopes..given that both the businesses are covered under 44AD eligible businesses, you are not eligible as cumulative turnover is in excess of 1 cr.
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
