Applicability of sec.44ad

Ashish Kotecha (Partner) (93 Points)

14 August 2011  

In case of pvt. ltd. company, whether provision of sec.44AD is applicable for A.Y.11-12? If Sec.44AD is not applicable to pvt. ltd. co. &  pvt. ltd company shows profit below 8%, then whether tax audit is applicable? If profit shows above 8% then what is the situation?