Sec 44ad of it act 61
This query is : Resolved
23 November 2011
is sec 44AD of IT ACT'61 ONLY option left for an assessee having business income to file his return of income if he has not filed his return of income on or before 30th september 2011? ( ofcourse assessee's income greater than basic exemption and sales/receipts less than equal 60 lakhs)
23 November 2011
Section 44AD applies to all assessees who are had income from business head and not covered as per section 44AB i.e whose gross receipts or sales under business doesn't exceeds Rs.60 lakhs covers under this section 44AD
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
24 November 2011
thank you for the reply
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