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Amendment of section 44AD.

Clause 21 - Bills - DIRECT TAXES - Income-tax - Bill - Clause 21 - 21. In section 44AD of the Income-tax Act, in sub-section (1), the following proviso shall be inserted, namely:- Provided that this sub-section shall have effect as if for the words e .....

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k account during the previous year or before the due date specified in subsection (1) of section 139 in respect of that previous year. . Clause 21 of the Bill seeks to amend section 44AD of the Income-tax Act relating to special provision for computi .....

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ble assessee engaged in an eligible business, having total turnover or gross receipts not exceeding two crore rupees, a sum equal to eight per cent. of the total turnover or gross receipts of the assesse in the previous year on account of such busine .....

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