Poonawalla fincorps
Poonawalla fincorps

Section 44ad

This query is : Resolved 
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(Querist)
13 March 2014 Who is covered u/s 44AD,Diamond Assortment Labour(Skill Work) Income is Covered or not?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
19 March 2014 Yes a diamond assortment labour is covered under 44AD if he is NOT employed with the company. He must be carrying on business.

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