please any one clarify me that whether only an Individual is covered u/s 44AE or a HUF, Firm is also covered under same section?
2 Replies
SSG
(1936 Points)
Replied 19 December 2009
Individuals, HUF and Partnership Firms (but not LLPs), whose total turnover does not exceed Rs. 40 lacs are covered by Sec. 44AE.
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