Who are Not Eligible to Claim 44AD Scheme

Professionals (44ADA is applicable)

Agency Business(For them Proper Books of Accounts to be Maintained and ITR3 to be filed)

All Companies(This scheme is only for Proprietorship/Partnership)

If turnover more than 2 Crores,then this scheme is not applicable

 

Who are Not Eligible to Claim 44ADA Scheme

Business(They are covered in Section 44AD)

Agency (44AD/44ADA is not applicable to them)

All Companies(This scheme is only for Proprietorship/Partnership)

If turnover more than 50 Lacs,then this scheme is not applicable

 

Who are Not Eligible to Claim 44AE Scheme

Those not in truck business(Example Passenger Transport Business)

If owning more than 10 trucks,then this scheme is not applicable

 

  1. Practical Income Tax
  2. Income Tax for Small Business

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.