Sec 44ad

Others 306 views 4 replies

50 Points Joined January 2016

Is manufacturing company covered u/s 44AD?

Replies (4)

Student CA IPC / IPCC

25 Points Joined May 2015

No, The provisions of 44AD are applicable to such resident assessee who is an individual, HUF, partnership firm but not LLP.

50 Points Joined January 2016

If a partnership firm is engaged in manufacturing activity, is it covered u/s 44AD?

Chartered Accountant

8487 Points Joined August 2010

There's no specific provision excluding manufacturing activity u/s 44AD, but excludes the assessee availing deductions u/s 10AA or u/s 80IA to 80RRB.

Accounts Manager

1466 Points Joined August 2013

I THNKS

YES , BECASUE A MANUFECTURING COMPANY BUSINESS SALE / PURCHASE

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