Section 44ad
This query is : Resolved
29 June 2016
I have a question regarding section 44AD. A person being a proprietor of his own pathological laboratory eligible for section 44AD? In his proprietorship business he has purchase(consumable goods),salary payment, and other indirect expenses. He is also a degree holder in biochemistry.
29 June 2016
yes, he can opt for 44AD. (One small point, please note about 44AD.....it talks about 8% or more......so please dont restrict yourself to 8% only)
29 June 2016
Hi Arup,
Yes you are eligible to claim benefit of sec 44AD, provided your turnover does not exceed 1crore
Yes you are eligible to claim benefit of sec 44AD, provided your turnover does not exceed 1crore
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