Section - 44AD

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Querist : Anonymous

Querist : Anonymous (Querist)

07 March 2011 In the section of 44AD of the Income Tax Act, 1961, which type of business of business covered in the aforesaid section.

Like Coaching Income, Trading (trading of all nature) etc..

Thanks & Regards
Paveen Goyal

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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07 March 2011 Any business except the business of plying,hiring or leasing goods carriage and whose total turnover or gross receipts in the previous year does not exceed an amount of Rs. 60/- lakhs referred in section 44AE of the Income tax Act,1961.

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