Dear Experts,
One of our client is doing real estate business. His sales during the year amounts to Rs. 80 lacs. Whether he is covered u/s 44AD?
2 Replies
Swami Ayyappa Nuli
(TAX ADVISOR & CONSULTANT AT G.S.T SUVIDHA CENTER)
(1372 Points)
Replied 02 August 2013
under section 44AD,every business whose total turn over does not exceed rs 1 crore can opt for presumptive taxation under section 44AD.i think real estate business is no where exception
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