06 November 2018
Example: A partnership firm say ABC. STARTED in financial year 2016-17 .Turn over Rs.65,00,000/- .It filed as no audit case for f.year 2016-17. But in 2017-18, Turn over is Rs.76,00,000/- CAN WE OPT FOR PRESUMTIVE FILING UNDER 44AD ?
07 November 2018
The Partnership firm not in the business of plying, hiring or leasing goods carriages or professions mentioned in section 44AA and with total turnover up to Rs. 2 Cr. not claiming deduction under any of the sections 10A, 10AA, 10B, 10BA or section 80s can opt for 44AD
CAclubindia
