Sec 44ad
This query is : Resolved
30 September 2014
what is meaning of total income for application of sec 44ad.whether only business income or taking gross total income from all 5 heads and thereafter deducting sec 80 deductions .
Nikhil Kaushik
(Expert)
30 September 2014
only the business receipts are to be considered...
CA SANDESH MAHIPAL
(Expert)
30 September 2014
It means only income from that business for which you are taking benefit of 44AD.
Other business income can also be there.
Other business income can also be there.
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