Section 44ad applicable


This query is : Resolved 

26 March 2015 My client partnership firm have McDonald's franchise and his gross turnover is 15 lakh. whether he can file income tax return u/s 44 ad and show profit above 8%

Whether McDonald's franchise cover under agency business and 44AD not apply

27 March 2015 sec 44ad can be invoked in this case........


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