Become a Govt. Certified GST Practitioner in just 60 hrs. Register Now!

LLP and presumtive Taxation

Mohit (Student CA Final ) (51 Points)

18 March 2018

Whether llp can opt for 44AD AND 44ADA?

Reply
Follow
Share

3 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (193696 Points)
Replied 18 March 2018

Upgrade to CAclubindia Pro. Subscribe Now!

Mohit (Student CA Final ) (51 Points)
Replied 18 March 2018

Plz explain with reference

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (193696 Points)
Replied 18 March 2018

Read the Explanation.—For the purposes of this sections,—

(a) "eligible assessee" means,—

(i) an individual, Hindu undivided family or a partnership firm, who is a resident, but not a 6 limited liability partnership firm as defined under clause (n) of sub-section (1) of section 2 of the Limited Liability Partnership Act, 2008 (6 of 2009); and

(ii) who has not claimed deduction under any of the sections 10A, 10AA, 10B, 10BA or deduction under any provisions of Chapter VIA under the heading "C. - Deductions in respect of certain incomes" in the relevant assessment year..........."