44ADA
Shally Aggarwal (4 Points)
10 July 2017
Is 44ADA applicable to all resident assessee unlike 44AD which is applicable to resident individual, huf and firm?
Maheswara Swamy
(FInance Executive)
(40 Points)
Replied 10 July 2017
Yes, 44ADA applicable to every resident person having profession as mentioned in Sec.44AA(1). Where as, 44AD applicable to eligible assessees only (Eligible assessee - Ind, HUF, Firm).
Shally Aggarwal
(4 Points)
Replied 10 July 2017
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