if I am doctor and I have clinic as well as my own business of medicines and drugs....
my question is can we opt 44AD for business and 44ADA for my own clinic and practice simultaneously???
my second question is in above both sections , lock in period of 5 years is applicable....may I opt for 1 year 44AD and another year 44ADA????? I.e. in 2021- 2022 44ADA and in 2023-24 44 AD???
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44AD and 44ADA applicability
Replies (2)
First answer these quedtions:
You need not refer sections when you hv a query?
Read Sec 139 (1).
what is your annual gross receipts?
You need not refer sections when you hv a query?
Read Sec 139 (1).
what is your annual gross receipts?
Annual gross receipt is less than 50 lakhs under section 44ADA and 1cr under section 44AD
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