Computation of Income of Association of Persons
This query is : Resolved
21 September 2021
Assessee is an AOP and having business income from providing of broadband distribution services on which TDS is being deducted by principal u/s 194JA. Can assessee opt for 44AD ? if not under which section assessee can file the return. Assessee doesnt want to go for audit.
21 September 2021
Presumptive assessement u/s. 44AD cannot be opted by AOP. Any business income of AOP is assessable under normal condition, Audit of books of account depends upon turnover of the business.
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