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Sec. 44ad

This query is : Resolved 

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.

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 .


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