No. Sec 44AD is not applicable to LLPs, hence cannot use ITR 4S. U should use ITR 5 or ITR 3
Posted 3 years ago by Rakesh Bharadwaj
Section 44(ad) provides special provisions for computing business profit on presumptive basis from the assessment year 2011-12.
Conditions - The provisions of section 44AD are applicable only if the following conditions are satisfied-
- Eligible Assessee - The assessee should be and eligible assessee. Eligible assessee for this purpose is person resident in India who is individual, a Hindu Undivided family or a partnership fir, (not being a limited liability partnership-LLP)
The first condition itself disragard the LLP from benefits. LLP can not file returns by taking benefits of section 44(AD).
Posted 3 years ago by CA Pulkit Sharma
Sec 44AD is not applicable to LLP.
Posted 3 years ago by Mukesh Jain CA
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