Eligible retail business - Income Tax Forum - Chartered Accountants ...

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Discussion > Income Tax > Tax queries > Eligible retail business ? ??
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	There are 1 Replies to this message RAHUL Self Employed [ Scorecard : 124] Posted On 26 May 2012 at 10:48 Note : The above form can be used to intimate the moderators regarding abuse of the platform. Dear Sir/Madam, ? One of my client is engaged in purchase of weighing scales and selling to shops. Will he be governed by the erstwhile sec.44af (i.e as merged with Sec.44AD)? Is there any list of elgible retail business to be govered by 44AD? ? Kindly help ? Regards ? R. Rahul SUNNY AGGARWAL CA STUDENT [ Scorecard : 418] Posted On 26 May 2012 at 13:07 Section 44AD covers all kind of business except he business of plying, hiring or leasing goods carriages referred to in section 44AE; and whose total turnover or gross receipts in the previous year does not exceed an amount of sixty lakh rupees.	Interact with online professionals in real time Features: Chat with any online user SMS alerts Daily Update Full PM in email Priority Support or learn more

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