Can a Chartered Accountant or Legal Practitioner take benefi
This query is : Resolved
30 May 2011
Sub: Can a Chartered Accountant or Legal Practitioner take benefit of sec 44AD.
Sir/Madam,
Initially the definition of section 44AD approves the benefit of computation of presumptive income only for eligible assessee doing Business.
But now ITR-4S has come. It contains the word "Business or Profession" instead of "Business".
Further list contains the Chartered Accountant and leagal practioner under nature of business or profession
Sir/Madam,
Initially the definition of section 44AD approves the benefit of computation of presumptive income only for eligible assessee doing Business.
But now ITR-4S has come. It contains the word "Business or Profession" instead of "Business".
Further list contains the Chartered Accountant and leagal practioner under nature of business or profession
30 May 2011
We have to go according to the Act and not according to the ITR Form in this case.
"Initially the definition of section 44AD approves the benefit of computation of presumptive income only for eligible assessee doing Business"
Now inform us as soon as you get any information about change in the initial position. It has not yet been changed.
"Initially the definition of section 44AD approves the benefit of computation of presumptive income only for eligible assessee doing Business"
Now inform us as soon as you get any information about change in the initial position. It has not yet been changed.
Message likes :
2 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
