section 44AD

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  1. sangpo

    sangpo New Member

    hi,
    I have lodge and restaurant business at my own property in Delhi. I have a CA for tax purpose and very recently I came to know that he has filed my income or business tax under this section 44AD.
    I am not very sure whether my nature of business falls under this presumptive tax system. I want your advice on this and any other way of filing this, so that at least I am comfortable about my income and can have a current account for same.
    thanks
     
  2. ZED

    ZED Well-Known Member

    Yes, S.44AD can be applicable. If he has already calculated it then I am presuming that he would have taken into consideration all the relevant factors.
     
    sangpo likes this.
  3. sangpo

    sangpo New Member

    thanks!
     
    ZED likes this.
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