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Applicability of sec 44ad on speculation business

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Querist : Anonymous

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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?
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Gaurav Vora

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Gaurav Vora (Expert)
24 March 2015 No. Section 44AD is not applicable to speculative Business.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 March 2015 Speculative Business is a business covered u/s 44AD of the Act.
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