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Section 44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 May 2013 Dear Sir,
Whether a Dharam Kanta owner (Weighting scale) can opt Sec. 44AD or not?

Please clarify.
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CA Sourabh Agarwal

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CA Sourabh Agarwal (Expert)
27 May 2013 Yes, provided owner is Individual, Firm or HUF.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
28 May 2013 And the status of the said assessee should ,necessarily, be 'resident' so as to claim 44AD.
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