Section 44ad
This query is : Resolved
18 August 2011
kindly let me know whether we can use Section 44AD for Manufacturing unit under audit ?
18 August 2011
44AD is applicable to all business, manufacture or trading, provided the turnover does not exceed Rs.60 Lacs. U r sales turnover is probably above 60 lacs, hence u r unit is subject to audit, in that case u cannot apply prov of 44AD.
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