Future and otpion
This query is : Resolved
03 January 2019
DEAR SIR,
CAN INCOME FROM TRADING IN FUTURE AND OPTION BE DECLARED AS INCOME UNDER SECTION 44AD IF HIS TURNOVER IS LESS THAN 2 CRORE FOR FY 2018-19.
CAN INCOME FROM TRADING IN FUTURE AND OPTION BE DECLARED AS INCOME UNDER SECTION 44AD IF HIS TURNOVER IS LESS THAN 2 CRORE FOR FY 2018-19.
03 January 2019
Yes 44AD can be opted for F and O.
13 January 2019
normal tax audit case limit is 1 crore. however for 44AD its 2 crore. If his (an individual) turnover is below 2 crore, then will TDS provision be applicable to him..!? for this purpose 1 crore limit is taken or 2 crore...?
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