09 January 2016
One of my friend is running Ice-Cream Shop along with fast food and milk-shakes. which is *self service* (no arrangement for sitting , the customer has to collect his order and eats it without any service given from the shop)
where milk & syrup is bought by him along with dry fruits and he mix them up to make different flavours of Ice-Cream and Milk-Shakes.
He also sells burger/sandwitch pizza etc. (TURNOVER LESS THAN 1 CRORE)
My que. is whether he can file ITR u/s 44-AD. aND IF 'YES'----THAN What shall be the category of Nature of Business ?? IS IT retail trade or service U/S 44 AD???