A person has JCB business income.
can he is eligible to opt u/s 44AD?
4 Replies
CA aashish bohra
(CA)
(35 Points)
Replied 04 March 2018
What is the nature of income. Whether he operating it himself or income from hiring of JCB??
Rishi Mehta
(Ur friend )
(1533 Points)
Replied 04 March 2018
Yes . You can opt section 44AD for receipt from Running JCB. Reason Business of running JCB vehicle is not covered under section 44AE.
ANJANI KUMAR
(INTER+CPT)
(115 Points)
Replied 04 March 2018
Is there any applicability of service tax of gross receipts exceeds 10 lakhs for AY2017-18 for above business
Aashish Sachdeva
(839 Points)
Replied 04 March 2018
Mr. Anjani Kumar Please deeply specify your first question. Presently there is no service tax but levied if aggregate turnover exceed 20 lac.
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