Is manufacturing company covered u/s 44AD?
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Sec 44ad
Replies (4)
No, The provisions of 44AD are applicable to such resident assessee who is an individual, HUF, partnership firm but not LLP.
If a partnership firm is engaged in manufacturing activity, is it covered u/s 44AD?
There's no specific provision excluding manufacturing activity u/s 44AD, but excludes the assessee availing deductions u/s 10AA or u/s 80IA to 80RRB.
I THNKS
YES , BECASUE A MANUFECTURING COMPANY BUSINESS SALE / PURCHASE
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