Applicability of sec. 44ad of it act

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 June 2012 Dear Sir/Mam,

One of my friend is having the repairing business of cars, he does NOT sell any spare parts along with repair, i want to know whether his repairing service business will be able to take the advantage of sec. 44AD as per recent amendments

please help to solve the problem
please do needful
thanks.

21 June 2012 44AD is applicable only for trading companies. He cannot avail 44AD. The act is clear here.



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