Income from rice mill u/s.44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 June 2016
I have a rice mill having a turnover of Rs.36.00 lac. May I declare income U/S.44AD ?
02 June 2016
for mfg activity not allowed. u/d 44AD.
02 June 2016
please ignore the response by the expert. rice mill if run by an individual or partnership firm shall be covered can be covered under 44AD.
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