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Clarification regarding income tax

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(Querist)
17 October 2016 MY TURNOVER IS BELOW 1 CRORE AND I HAVE ADOPTED 44AD WHETHER DISALLOWANCE U/s 40a(ia) is applicable or not?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
17 October 2016 When opted for 44AD, dis allowance u/s 40a(ia) is not applicable.
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Rajat Aggarwal

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Rajat Aggarwal (Expert)
17 October 2016 40(a)(ia) is not applicable. because income is computed as a percentage of turnover. no question of disallowance of expenses
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Amol S Joglekar

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Amol S Joglekar (Expert)
17 October 2016 not applicable. All deductions are presumed to have been claimed
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