44ADA applies to firms?
This query is : Open
28 January 2017
Hi, my question is that whether presumptive income scheme inder section 44ada can be followed by a firm of CAs?
28 January 2017
Yes it is applicable to CA firms.
28 January 2017
thank you sir. another question aroused. if it is a HUF that carries on the business of legal professionals (as defined under 44ADA), still applicable?
28 January 2017
Yes for HUF it is applicable.
28 January 2017
Thanks sir
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