Aop status assessee if eligable to claim u/s 44ad or not
rajesh (Accountant) (583 Points)
08 June 2012rajesh (Accountant) (583 Points)
08 June 2012
CA JATINDER KAPOOR
(JOB)
(305 Points)
Replied 11 June 2012
For section 44AD Eligible assessee are Individual Partnership Firm Hindu undivided Family who is a resident in india
& no other person is eligible for this section.Hence both of them i.e AOP & Trust is not eligible for this section.