gains in accordance with the provisions of sub-section (1) of section 44AD or sub-section (1) of section 44ADA, as the case
business shall, if the provisions of sub-section (4) of section 44AD are applicable in his case and his income exceeds the maximum amount which ... year in accordance with the provisions of sub-section (1) of section 44AD and his total sales, turnover or gross receipts, as the case
Section 44AD in The Income Tax Act, 1961
44AD. [ Special provision for computing profits and gains of business on presumptive basis. [ Substituted
income is computed in accordance with special provisions referred to in section 44AD, section 44ADA and section 44AE of the Act for computation of such ... income is computed in accordance with special provisions referred to in section 44AD and section 44AE of the Act for computation of business income
Section 29 in Finance Act, 1999
29. Amendment of section 44AD.
- In section 44AD of the Income-tax Act, after sub-section (5); the following
eligible assessee in respect of an eligible business referred to in section 44AD", the words, brackets, figures and letters "an assessee who declares profits ... gains in accordance with the provisions of sub-section (1) of section 44AD or sub-section (1) of section 44ADA, as the case
before Commissioner (Appeals) the return was filed as per provisions of Section 44AD of the Act. The assessee had shown net profit ... show that assessable profit of the assessee as per provisions of Section 44AD will be Rs. 35,343 and assessee has submitted return
depreciation and income-tax depreciation, it would have provided a clause like 44AD(3), etc. The decision of the Tribunal in the case of Shriram ... case (supra) and the absence of a provision like section 44AD(3) . It is contended that these two aspects have not been touched
eligible assessee in respect of the eligible business referred to in section 44AD", the words, brackets and letter "the assessee referred to in clause ... eligible assessee in respect of the eligible business referred to in section 44AD", the words, brackets, figures and letters "an assessee who declares profits
Finance Act, 2012
14. Amendment of section 44 AD.
- In section 44AD of the Income-tax Act, - (a) after sub-section (5), and before