Does section 44ad overrides other provisions of pgbp?
This query is : Resolved
09 January 2015
a cash payment of over 20000 would be allowed as deduction if assesse opts for sec44AD?
09 January 2015
Yes ,because sub-section 1 says section 28 to 43C of Income Tax Act, 1961 is not applicable to eligible assessee carrying on eligible business mentioned in explanation (b) of section 44AD.
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