44ad

YES >>>>
 

Section 44 AD is applicable to eligible assessee carrying eligible business and who has not claimed the deduction under section 10A 10AA 10B 10BA or under any provision of chapter VIA under the  head "C-deduction for certain income"

elegible assesee: can be  any individual or HUF or  a partnership firm

Elegible business: can be any businees except those reffered under section 44AE and whoes turnover for a year should be less than 100 lacs...

If the gross reciept  and paymet in the financial year through bank transaction  exceeds 40lacs then section 44AB is applicable  

YES >>>>
 

Section 44 AD is applicable to eligible assessee carrying eligible business and who has not claimed the deduction under section 10A 10AA 10B 10BA or under any provision of chapter VIA under the  head "C-deduction for certain income"

elegible assesee: can be  any individual or HUF or  a partnership firm

Elegible business: can be any businees except those reffered under section 44AE and whoes turnover for a year should be less than 100 lacs...

If the gross reciept  and paymet in the financial year through bank transaction  exceeds 40lacs then section 44AB is applicable