Applicability of sec 44ad on speculation business
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 March 2015
I want to know that as we have to show 8% profit on all eligible business under section 44AD. Will the same be applicable for Speculative business?
24 March 2015
No. Section 44AD is not applicable to speculative Business.
24 March 2015
Speculative Business is a business covered u/s 44AD of the Act.
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