Sec. 44ad
This query is : Resolved
CA SHANU AGARWAL
(Querist)
18 October 2014
In case of Hotel Which is operated as partnership firm and whose turnover is below 1 cr. & profit is less than 8% of Turnove.
In above mention case 44AD is applicable or not.
In above mention case 44AD is applicable or not.
18 October 2014
In your case 44AB applicable because even though your turnover below 1 Cr , your assessee not offering at 8% so conduct Tax audit and file the return.
44AD not applicable .
If you ready to declare 8 % profit then you can go for 44AD .
44AD not applicable .
If you ready to declare 8 % profit then you can go for 44AD .
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