Aop based assessee is eligable to file u/s 44ad or not?
This query is : Resolved
08 June 2012
Dear Sir
An Assessee is registered under Association of Person and another one is Trust they doing some contract work i.e. Supply of Labour to Municipalities and their contractors(Municipalities) TDS Deduct@2% on Contract amount paid to Assessee's and now my dought is these assessees is file his returns u/s 44AD or not and tell me in which return is applicable.
please tell
An Assessee is registered under Association of Person and another one is Trust they doing some contract work i.e. Supply of Labour to Municipalities and their contractors(Municipalities) TDS Deduct@2% on Contract amount paid to Assessee's and now my dought is these assessees is file his returns u/s 44AD or not and tell me in which return is applicable.
please tell
Amol S Joglekar
(Expert)
08 June 2012
The section wording says "eligible assessee." Individual, HUF and PArtnership firms fall under this. So AOP can not go by section 44 AD.
C.A Anshul Singhal
(Expert)
08 June 2012
Yes I am Agree With Him
Eligible Assessee Included Individual,Huf,Partnership Firm(not Included LLP)
Eligible Assessee Included Individual,Huf,Partnership Firm(not Included LLP)
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