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U/s 44-ad

This query is : Resolved 
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(Querist)
12 November 2011 Hi,
Sirji,

I heard that for A.Y.2011-12 who dont want to maintain books of accounts they can filed return u/s 44-ad showing 8 % profit of G.T.

Is this correct & it is applicable for all business activity.
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
12 November 2011 yes.all business except covered u/s44ae - carring,plying.and some special business covered under diffn sections like mines business.

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