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Applicability of section 44AD of Income tsc, Income Tax

Issue Id: - 110424
Dated: 29-5-2016
By:- ashok singhee

Applicability of section 44AD of Income tsc


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Can an individual (not NBFC) having a business of financing vehicles with gross interest revenue of less than 2 CR opt for section 44AD ? This fbusines do not fall in negative list of section 44AD and turn over is gross interest receipt.

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