Business/profession
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 March 2012
Is 44AD only applicable on Business income and not on Professional income?
10 March 2012
Yes 44AD is applicable only to business income and not professional income.
An assessee having professional income CANNOT avail the benfit of Section 44AD.
An assessee having professional income CANNOT avail the benfit of Section 44AD.
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