My turn over is less than 1 cr. 2012-13 and my nature of business are
1) Sale of Computer parts
2) Computer servicing less than 10 lakhs limit
3) Online income i.e. online ticket booking, online filling of forms etc.
Can I take benefit of 44AD for SL-3. In that case how I will prepare my PL and BS. and how tax will be computed. May I calculate tax normally for Sl-1 and SL-2 and for SL -3 may I get the presumptive scheme.
Please help
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Can i take benefit of 44ad for sl-3?
Replies (1)
yes, you can take benefit of sec 44 AD for business no. 3 if the t/over of that business is less than 1 crore.....for other businesses also you can go for sec 44 AD if thewir t/over is less than 1 crore...but in case if t/over of any business is Rs. 1 crore than you are required to get your accounts audited for that particular busines and for remaining businesses you can opt sec 44 AD scheme.
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