Sec 44ad

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 June 2012 Can 44AD be applied for speculation business?

I will be very thankful if anyone can reply to my previous query

whethere min. remuneration of 1.50lacs is still payable in case of neg./ insufficent book profit?

please also tell if LIC pre is claimed in husband for pre. of wife (as paid by husband) then whether in next yr the same can be taken in Wife's file

Ca Anand Dubey

Ca Anand Dubey (Expert)
Follow

04 June 2012 1. 44AD apply to speculation business also
2.Yes minimum remuneration can be paid and allowed even in case of loss.
3.yes husband can claim LIC for tax saving