Section 44 ae or section 44 ad
This query is : Resolved
22 August 2014
can we use any of section ie section 44 ae or 44 ad to calculate income from buisiness or profession
44 ae says min income is 4500 as per f.f 2013-14 in case of l.g.v not more than 10
44 ad says min income is 8% of gross reciept or gross income
so what is the difference between them
44 ae says min income is 4500 as per f.f 2013-14 in case of l.g.v not more than 10
44 ad says min income is 8% of gross reciept or gross income
so what is the difference between them
23 August 2014
you cannot use 44AD as long as you are covered under 44AE. refer explanation (b)(i) to section 44AD(6)
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Income tax return change regime form necessary or not?
- EXEMPTION OF LONG TERM GAIN UNDER SECTION 54F
- Resignation of auditor and appointment and cfss
- Machinery taking back from repair work shop
- Refund of Rs.4,00,000/- pursuant to Appeal Order – Deceased Proprietor & Closed Bank Account
- Rebate U/S 87A on Short Term Capital Gain on Sale Of Property .
- Stop filling ITR
- SALE SHOWS ACCORDING SERVICE PROVIDE BUT SERVICE RECEIVER (GOVT. DEP) SHOWS SALES IN 26Q DIFF YR
- Patient expenses
- New old regime
- Tax Audit Mandatory or Optional
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
