An assessee whose business turnover is 2.8 Crores and he is filing under section-44AB.He has speculative business transaction of 2Lakhs. Will Section-44AD is applicable for this Speculative business or it won't be applicable????
Menu
Opting for Section-44AD
Replies (3)
It is better not to opt for 44AD
Not applicable
As I understand, since the aggregate turnover is more than ₹2cr, 44AD cannot be opted for.
Recent Threads
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
Related Threads
CAclubindia
