An individual providing accounting services

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abhishek

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

Suresh Ramaswamy

Suresh Ramaswamy (Expert)
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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.

abhishek

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

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