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44ad presupmtive

This query is : Resolved 
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(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
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Amol S Joglekar

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Amol S Joglekar (Expert)
27 July 2016 yes, he may do opt for 44AD
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