Applicability of sec. 44ad of it act
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 June 2012
Dear Sir/Mam,
One of my friend is having the repairing business of cars, he does NOT sell any spare parts along with repair, i want to know whether his repairing service business will be able to take the advantage of sec. 44AD as per recent amendments
please help to solve the problem
please do needful
thanks.
One of my friend is having the repairing business of cars, he does NOT sell any spare parts along with repair, i want to know whether his repairing service business will be able to take the advantage of sec. 44AD as per recent amendments
please help to solve the problem
please do needful
thanks.
Vivek Raju P
(Expert)
21 June 2012
44AD is applicable only for trading companies. He cannot avail 44AD. The act is clear here.
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