TaxTMI 
TaxTMI 
TaxTMI 
44AD OR 44ADA
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....4AD OR 44ADA<br> Query (Issue) Started By: - Pathy Senthil Dated:- 10-7-2020 Last Reply Date:- 31-7-2020 Income Tax<br>Got 1 Reply<br>Income Tax<br>WHETHER A PARTNERSHIP FIRM ( 1PARTNER IS NOT A DOCTO....
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....R) RUNNING A HOSPITAL WILL BE ELIGIBLE FOR 44AD? Reply By Surjeet Singh: The Reply: As pr section 44AD on IT Act for computation of income under this section there are three important conditions: 1....
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.... Eligible assessee: Individual, HUF and Partnership Firm other than LLP being resident. 2. Eligible business: other than following i) the business of plying, hiring or leasing goods carriages refer....
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....red to in section 44AE; or ii) a person earning income in the nature of commission or brokerage; or iii) a person carrying on any agency business; and iv) a person carrying on profession as refe....
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....rred to in sub-section (1) of section 44AA 3. Turnover should not exceed 2 crore rupees. So, in your case you can compute income of your business under sec 44AD if Turnover does not exceed 2 crores ....
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....rupees. For any further tax related queries contact me on 9905126744.<br> Discussion Forum - Knowledge Sharing ....