Poonawalla fincorps
Poonawalla fincorps

Income tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 March 2014 whether section 44Ad of income Tax Act. is applicable on a Private Limited Co. or not ?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
19 March 2014 Section 44AD is applicable only to an Individual, HUF or firm.

It is NOT applicable to a company.

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