is every assesse who has turnover less than 1 crore is covered under section 44 AD..?? please comment its urgent...!!
2 Replies
CA CS Roshan Begrajka
(Chartered Accountants)
(267 Points)
Replied 12 July 2013
for those assessee who wants to go for presumptine taxation scheme(PTS scheme) u/s 44AD is only covered and not all assessee, except those bussiness list mentioned in relevant section are compulsory to opt PTS scheme.
Pakshal Shah
(Practicing Chartered Accountant)
(271 Points)
Replied 12 July 2013
Turnover less den 1 crore and not having brokerage n commission business, not having professional income and not having agency business. And it is not compulsory to opt for pts even if turnover is less den 1 crore. Plz enlighten if wrong. Thanx
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