Section 44af of income tax act.
This query is : Resolved
28 February 2012
Hello Sir/Madam,
when benefit of section 44af is applicable that is declared income @ 5% of total turnover?
what are the provision of the act for section 44af of income tax act?
Thank You.
when benefit of section 44af is applicable that is declared income @ 5% of total turnover?
what are the provision of the act for section 44af of income tax act?
Thank You.
28 February 2012
Section 44AF has now been repealed. Now there are only two Sections, Section 44AD and 44AE.
44AD covers ALL business except the business of plying, hiring or leasing goods carriages referred to in section 44AE.
44AD covers ALL business except the business of plying, hiring or leasing goods carriages referred to in section 44AE.
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