Elevator business

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173 Points Posted on 22 December 2020
can we file return of the person who has elevator business under 44 AD.. he has not maintained books of accounts.. Is he eligible to file under above section or should we file under 44ADA
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On 22 December 2020 at 16:11 Report
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Quick Summary
This discussion clarifies whether an elevator repair business can file its tax return under Section 44AD, even without maintaining detailed books of accounts. The consensus is that if the business primarily involves repairs and maintenance, it is eligible to file under Section 44AD. This section offers a presumptive tax scheme, simplifying tax filing for eligible small businesses.

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student
77 Points Posted on 23 December 2020
Yes, you can file the return under section 44ad depends on your business. Exactly what you do with elevator - repairs and maintenance, manufacturing or rental services etc.
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On 23 December 2020 at 01:04
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Tax consultant
5895 Points Posted on 23 December 2020
Yes you can file under 44AD
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On 23 December 2020 at 03:26
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173 Points Posted on 23 December 2020
Only repairs of elevators.. not manufacturing
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On 23 December 2020 at 09:18
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student
77 Points Posted on 23 December 2020
File under section 44ad 👍
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On 23 December 2020 at 09:32
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173 Points Posted on 23 December 2020
Thanku all for ur advice
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On 23 December 2020 at 09:45

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