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Sec 44ad

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50 Points Posted on 26 September 2016

Is manufacturing company covered u/s 44AD?

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On 26 September 2016 at 20:25 Report
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Student CA IPC / IPCC
25 Points Posted on 26 September 2016

No, The provisions of 44AD are applicable to such resident assessee who is an individual, HUF, partnership firm but not LLP.

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On 26 September 2016 at 20:32
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50 Points Posted on 26 September 2016
If a partnership firm is engaged in manufacturing activity, is it covered u/s 44AD?
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On 26 September 2016 at 22:48
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Chartered Accountant
8487 Points Posted on 26 September 2016
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.
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On 26 September 2016 at 23:05
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Accounts Manager
1466 Points Posted on 27 September 2016

I THNKS 

 

YES , BECASUE  A MANUFECTURING COMPANY  BUSINESS SALE / PURCHASE

ALSO WAIT FOR MORE REPLY

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On 27 September 2016 at 12:11


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