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retail trade

Tax queries 588 views 3 replies

for the purpose of sec.44AF of income tax act, retail trade means

Replies (3)

U/s 44D applied on,

COMPUTING PROFITS AND GAINS OF BUSINESS OF CIVIL CONSTRUCTION

 

U/s 44AF applied on,

COMPUTING PROFITS AND GAINS OF RETAIL BUSINESS

;)

:P i agree....

Meaning of retail business has lost sanctity as w.e.f.1.4.2011 as , only 2 sections of presumptive taxation are operational from now onwards:

44AD Any trade except plying/hiring/leasing goods carriage

44AE plying /hiring/leasing of goods carriage


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