Eligible retail business

Tax queries 846 views 1 replies

Dear Sir/Madam,

 

One of my client is engaged in purchase of weighing scales and selling to shops.

Will he be governed by the erstwhile sec.44af (i.e as merged with Sec.44AD)?

Is there any list of elgible retail business to be govered by 44AD?

 

Kindly help

 

Regards

 

R. Rahul

Replies (1)
Section 44AD covers all kind of business except he business of plying, hiring or leasing goods carriages referred to in section 44AE; and whose total turnover or gross receipts in the previous year does not exceed an amount of sixty lakh rupees.


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