44ad presupmtive
This query is : Resolved
ashok duraisamy
(Querist)
27 July 2016
Can an assessee opt for this section for business of money lending (finance business) eligible asseess since partnership firm. Interest received on advances shall be gross receipts. on which 8% will be calculated. Commission and agency is the negative list for 44AD. Please throw light
Amol S Joglekar
(Expert)
27 July 2016
yes, he may do opt for 44AD
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