Income tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 August 2014 Section 44 ad apply toresident individual builder?8% calculated on sale of flat value and advance received from flat owner?

Querist : Anonymous

Querist : Anonymous (Querist)

29 August 2014 Plz help me

CA Siddhartha Bhardwaj (Expert)
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29 August 2014 Yes 44AD is applicable in this case provided the turnover does not exceed Rs 1 crore

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