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?
Pawan Mittal (CA Final) (702 Points)
02 August 2013Dear 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?
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
CAclubindia
