Reg sec 44 aa& 44ad
This query is : Resolved
22 June 2012
what is the difference between these Section.
and which sec shall prevail over another one
Thanks in Adv to experts
and which sec shall prevail over another one
Thanks in Adv to experts
22 June 2012
Sec.44AA is about Books of Accounts to be maintained but which BOA is not specified.
But Sec.44AD is a presumptive section which for Taxable Income based on turnover basis.
(8% of Turnover)
But Sec.44AD is a presumptive section which for Taxable Income based on turnover basis.
(8% of Turnover)
22 June 2012
Sir which section shall prevail over another one?
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