TMI Blog44AD OR 44ADAX X X X Extracts X X X X X X X X Extracts X X X X ..... WHETHER A PARTNERSHIP FIRM ( 1PARTNER IS NOT A DOCTOR) RUNNING A HOSPITAL WILL BE ELIGIBLE FOR 44AD ? - Reply By Surjeet Singh - The Reply = As pr section 44AD on IT Act for computation of inc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ome under this section there are three important conditions: 1 Eligible assessee : Individual, HUF and Partnership Firm other than LLP being resident. 2. Eligible business : other than followi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng i) the business of plying, hiring or leasing goods carriages referred to in section 44AE ; or ii) a person earning income in the nature of commission or brokerage; or iii) a person carryi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng on any agency business; and iv) a person carrying on profession as referred to in sub-section (1) of section 44AA 3. Turnover should not exceed 2 crore rupees. So, in your case you can ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... compute income of your business under sec 44AD if Turnover does not exceed 2 crores rupees. For any further tax related queries contact me on 9905126744. - 44AD OR 44ADA - Query Started By ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... : - Pathy Senthil Dated:- 10-7-2020 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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