Section 44ad

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Satendra Kumar (Querist)
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05 March 2015 Dear Sir/Mam,

Please clarify whether a Job Worker who is registered under Service Tax (Under other than negative list) can avail the section 44AD of Income Tax Act, 1961 if his Gross Receipts are less than 1 Crore.

Thanks
Satendra Kumar

Amol S Joglekar

Amol S Joglekar (Expert)
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05 March 2015 Yes.
The above mentioned assessee can avail the benefits of sec 44AD, if his business falls within the ambit of "eligible business" as defined in the section.

Satendra Kumar

Satendra Kumar (Querist)
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05 March 2015 Thanks Mr. Amol S Joglekar Sir,

Is job work is covered under the definition of eligible business for the purpose of Section 44AD and one more query whether the ITR 4S (i.e. ITR for Presumptive Income) can be filed after due date i.e 31/07/2014 but before 31/03/2015 for A.Y. 2014-15 ????

Thanks

Satendra Kumar

Amol S Joglekar

Amol S Joglekar (Expert)
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08 March 2015 you can very well file itr 4s.

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