44(ad) applicability to firm producing software products and developing mobile apps? - Professionals - Taxation - TIK Share
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44(ad) applicability to firm producing software products and developing mobile apps?


Rahul Rai

2014-03-20

Section 44(ad) gives benefits to firms to file income tax returns by declaring tax on 8% or more profit.

One need not to maintain the books of accounts and no compulsory audit.

My question is whether a firm developing computer and mobile software can avail the benefits under this section?