Sale of dogs , birds

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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
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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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