44ad scope

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 November 2011 Dear Experts

Does section 44ad can also applies to service industry. For eg. business of repairing , flex printing.

Pl clarify.

thanks.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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05 November 2011 Section 44AD applies to eligible business of
Individual HUF or a partnership firm having Turnover less than Rs 60.00Lac.
The service industry as illustrated by you is also covered.

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