Menu
Income Tax us 44Ad
Is it ok to file Income Tax of Transport business under section 44ad, as his turnover is more than 1 Cr.
Replies (3)
Does he own any vehicle?
No Sir
Yes, it can be declared under normal business, but not under sec. 44AD of the act if involved in hiring any goods vehicle..
Recent Threads
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
- Query of GST
- Long Term Capitalgains on sale of residential prop
- How Salaried Individuals Can Reduce Capital Gains
- NSTPI registration
- GST PAID IN DELHI
- How to Trade Forex in India?
- TDS - requirement of TDS by individual under presu
- Normal Register in GST in delhi in gujarat no rece
Related Threads
CAclubindia
