Turnover u/s 44ad

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Mr. X is running 3 businesses namely A, B and C and having turnover of Rs. 50 lacs from each business.

Mr. X is also running business D whose turnover is Rs. 30 lacs and he does not maintain the books of accounts of business D.

Now can business D be covered u/s 44AD?

Replies (3)

yes , business D covered u/s 44 AD because its turnover is below rs. 1crore .........................................

Yes he can claim that Business U/s 44AD.

i think Mr X is not cover u/s 44ad because Mr x has Total turnover 50+50+50+30=1.80 lac.   

Mr X have cover u/s section 44AB.  please see ready reconer Mr Sighaniya.  If Total turnover Receipt above 1 Crore  cover u/s 44ab.  Please Confirm Mr Shah ji.

 

Thanks

Regard

Ramanuj

 

 

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