Become a Certified GST Practitioner with CA Arun Chhajer. Register Now!

Firm

T.T.VIJAYAPRAKASH (properter) (253 Points)

11 May 2017

ASST-YEAR 2017-18 PARTNER SHIP FIRM WORKING METHOD AUDIT U/S 44AD AND NORMAL ( PARTNRE SALARY. INTEREST)

Reply
Follow
Share

2 Replies

(Guest)

now it is not allowed for 44 ad

advance tax provisions also apply for 44ad

go with regular itr

Upgrade to CAclubindia Pro. Subscribe Now!

CS Advocate Abhishek Goyal (M Com FCS LLB M-AIMA ) (13659 Points)
Replied 17 May 2017

Since partners remuneration and interest on capital is not separately allowed for partnership firm from AY 2017-18 u/s 44AD, therefore section 44AD in a way, lost relevance for partnership firm. Therefore it is advisable to go for tax audit u/s 44AB.