Please Help: Income Tax
Posted Date : 21-Nov-2013 , 05:33:29 pm | Posted By SANDEEP GOYAL
I am running business of commercial coaching, which has a gross receipt more than rs.1.00 crore, may i fall u/s 44AD and the condition of non maintenance of books of accounts applied on me
Category : Income Tax | Answers : 0 | Comments : 1 | Hits : 85
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Jainam Shah
22-Nov-2013 , 03:51:58 pmYour gross receipts are more than Rs. 1 Crore hence sec. 44AD is not applicable to you and you have to maintain the books of accounts.