Section 44ad

This query is : Resolved 

29 September 2011 Sir , section 44ad is automatically applicable section or one has an option to chose it .

29 September 2011 The assessee has an option to opt for Section 44AD. The section does not apply automatically. The assessee has to opt for the being governed by that Section.

The asseessee can either opt for Section 44AD or normal provisions of the Act.

29 September 2011 Agree with the Expert


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