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Income tax

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Querist : Anonymous (Querist)
04 June 2016 Whether professional income tax payer can avail & calculate income as per section 44 AD on presumptive basis

04 June 2016 For FY 2015-16, Answer is no. However for next year govt came up with a new section where professional can show income on presumptive basis

16 October 2021 Correct, for professionals sec. 44ADA has been introduced, which is effective from AY 2017-18.






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