16 July 2012
sir i have hotel business and my total turn over for the asst year 2012 - 13 of Rs 8,52,500/- and i will declare u/s 44AD at 8% of total turn over or u/s 44AB of making of p & l a/c & balance sheet please suggest as possible as early
16 July 2012
44AD is applicable to Individual, HUF and FIRM (Not LLP) Please ensure you fall under "eligible assessee (as aforesaid) and then you can file 4S.
CAclubindia
