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Restaurant under 44ad

This query is : Resolved 
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(Querist)
02 November 2014 can a restaurant business whose sale in the fy is 90 lacs can opt for section 44AD? and show net profit @ 8 %
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
02 November 2014 yes provided assessee, is an Individual, HUF or a firm

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