New Presumptive taxation u/s 44AD from AY 2011-12

Page no : 3

chetan (accountant) (321 Points)
Replied 07 August 2012

Please let us know if a business having gross receipt around 35 lacs and its loss around 2 lacs . in such case 44AD will attract.

Its required to get book of accounts audited?

v.sankaranarayanan (executive) (16 Points)
Replied 14 June 2013

kindly clarify my client doing homeloan processing and getting commision whether he fan file

under persumtive tax itr 4s total turna over arround 20 laks

v.sankaranarayanan (executive) (16 Points)
Replied 14 June 2013

kindly clarify my client doing homeloan processing and getting commision whether he fan file

under persumtive tax itr 4s total turna over arround 20 laks

kirit (proprietor) (33 Points)
Replied 10 August 2015

Hello.. Any one Can clarify me Assessee having Coaching Class-Tution Income Can he opt for 44AD ?

kirit (proprietor) (33 Points)
Replied 10 August 2015

Originally posted by : kirit
	Hello.. Any one Can clarify me Assessee having Coaching Class-Tution Income Can he opt for 44AD ?

SHRMONEY (solve legal finance problems - shrmoney@gmail.com) (148 Points)
Replied 15 July 2016

whether basic exemption is allowed.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160322 Points)
Replied 15 July 2016

Yes, Basic Exemption limit of Residential Individual & HUF is considered

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160322 Points)
Replied 15 July 2016

Originally posted by : kirit Hello.. Any one Can clarify me Assessee having Coaching Class-Tution Income Can he opt for 44AD ?

No. any professional income not considered in Original Section 44AD. But for them new section 44ADA with 50% margin has been introduced, which is effective from Ass Year 2017-18.