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Sale of dogs , birds

Others 539 views 6 replies
MY CLENT SALE DOGS AND BIRDS--BREEADS IN HIS OWN FARM--MY QUESTION IS -IS PROFIT & LOSS A/C MAY BE PREPARE SAME AS OTHER TRADING & PROFIT OR LOSS
Replies (6)

You may prepare for your better convenience and legally, it depends on the amount of turnover or profits of the business of your client.

thanks dimond goyal---

is this business covered in section 44ad

 

-Earlier 44 AD was restricted to contractors only

-But now it is applicable for all Small Businesses Except following

                Plying , hiring , leasing Goods( Covered U/s 44 AF)

                Agency business

- 44 AD applies only to Individuals , HUF , Partnerships( not LLP)

 

 

 

maintain accounts as per require by itr 4 

THANKS CA VARSHA NAIK AND SAMEER
THANKS CA VARSHA NAIK AND SAMEER


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