banner_ad

Section 44ad

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 June 2016 I have a question regarding section 44AD. A person being a proprietor of his own pathological laboratory eligible for section 44AD? In his proprietorship business he has purchase(consumable goods),salary payment, and other indirect expenses. He is also a degree holder in biochemistry.
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
29 June 2016 yes, he can opt for 44AD. (One small point, please note about 44AD.....it talks about 8% or more......so please dont restrict yourself to 8% only)
Profile Image

CA Saurabh Singh

Profile Image

CA Saurabh Singh (Expert)
29 June 2016 Hi Arup,
Yes you are eligible to claim benefit of sec 44AD, provided your turnover does not exceed 1crore
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details