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An individual providing accounting services

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(Querist)
24 March 2016 Under which head accounting income should be posted? Can i go for 44AD section?
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Suresh Ramaswamy

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Suresh Ramaswamy (Expert)
24 March 2016 No you cannot avail of Section 44AD. The services you render are consultancy services. This situation will prevail till 31st March 2016. For assessment year 2017 - 18, professionals with turnover of upto 50 lacs can avail of presumptive tax under new Section 44ADA offering 50% of turnover as profit. No hassles of maintenance of accounting records / tax audit.
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abhishek

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abhishek (Querist)
27 March 2016 Iam not a chartered accountant here.. Iam just providing accounting services. So can i show under IOS?
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