30 March 2017
When 44ADA was not in existence whether professionals were not allowed to opt presumptive taxation?
What if a professional doesn't fall under specified professionals as per 44ADA/44AA, is he eligible to opt for presumptive taxation?
Mainly my concern is with proprietorship commercial coaching service provider, is he eligible for this scheme? This doubt is raised due to expression of word "business" under 44AD which confuses me that earlier when 44ADA was not in existence professional were not allowed to opt this presumptive scheme!
30 March 2017
1 Professional not allowed for presumptive fax when 44ada non existent. 2 Only eligible professional opt for 44ada. 3 you are eligible for 44ad provided you are running the coaching center as business entity by hiring people for coaching.
CAclubindia
