U/s 44ad
This query is : Resolved
03 November 2011
when assessee file the return u/s 139 regularly but now in this year he filled return u/s 44 ad as he has business of furniture construction.whether it is ok or not
please reply on urgent basis
please reply on urgent basis
03 November 2011
He can file his Return U/s 44AD. Section 44AD prescribes presumptive method for deciding the income. This Return is also filed U/s 139 as regular return.
04 November 2011
Return is actually filed u/s 139. The section 44AD prescribes for the presumptive taxation for eligible assessee and eligible business.
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