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Can i avail 44ad of income taxlding


Suja Krishnan   26 July 2019

Suja Krishnan

 9 points

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I am running a hotel business in my own building

avater

Ravi SADhiyan (CA Final)     26 July 2019

Ravi SADhiyan
CA Final 
 246 likes  4147 points

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Originally posted by : Suja Krishnan
I am running a hotel business in my own building

Yes You are eligible for 44AD under income tax act

and show income 8% or 6 % ( in case of receipt in Bank )

avater

CA PREM KUMAR (Chunduru & Co)     26 July 2019

CA PREM KUMAR
Chunduru & Co 
 18 likes  296 points

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IF TURNOVER IS LESS THAN RS. 2 CRORES (INCLUDES RECEIPTS TO YOUR ACCOUNTS), THEN YOU ARE ELIGIBLE TO FILE UNDER 44AD

avater

Suja Krishnan   26 July 2019

Suja Krishnan

 9 points

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In case of receipt in bank means...All the income should be by bank.Can u pls elaborate?

avater

Ravi SADhiyan (CA Final)     28 July 2019

Ravi SADhiyan
CA Final 
 246 likes  4147 points

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Show  Net Income  below 8 % but not less than 6 %


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