top button
Flag Notify
    Connect to us
      Facebook Login
      Site Registration

Facebook Login
Site Registration

Who is eligible to take advantage of the presumptive taxation scheme of section 44AD? ​​​

+1 vote
26 views
Who is eligible to take advantage of the presumptive taxation scheme of section 44AD? ​​​
posted Jun 23, 2017 by Reshmi S

Share this question
Facebook Share Button Twitter Share Button LinkedIn Share Button

1 Answer

0 votes

The presumptive taxation scheme of section 44AD can be adopted by following persons :

1) Resident Individual
2) Resident Hindu Undivided Family
3) Resident Partnership Firm (not Limited Liability Partnership Firm)

In other words, the scheme cannot be adopted by a non-resident and by any person other than an individual, a HUF or a partnership firm (not Limited Liability Partnership Firm).

Further, this Scheme cannot be adopted by a person who has made any claim towards deductions under section 10A/10AA/10B/10BA or under sections 80HH to ​80RRB in the relevant year. ​

answer Jun 24, 2017 by Amrita
Contact Us
+91 9880187415
sales@queryhome.net
support@queryhome.net
#280, 3rd floor, 5th Main
6th Sector, HSR Layout
Bangalore-560102
Karnataka INDIA.
QUERY HOME
...