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44ad for a partner ????

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(Querist)
07 March 2013 Dear Sir,

Suppose Mr.A is a partner in xyz & co. He receives remuneration of Rs 10 lakh.

Also suppose he has another sole proprietor business in which he earns Rs 80 lakhs.

Now can he opt for 44 ad ??? on what amount will 8% apply ???

Also if remuneration is 25 lakhs, will 44ab apply ???
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CA Mahavir Shah

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CA Mahavir Shah (Expert)
07 March 2013 Yes he can opt for Sec 44AD.
8% will apply on Turnover of his Sole Proprietorship.

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