Chartered accountant covered u/s 44 ad or not?
This query is : Resolved
Ankit sehra
(Querist)
29 March 2013
Hi Experts,
Can u please tell me , Chartered Accountants can take a benefit of Section 44 AD (presumtive Basis) or not?
Thanks & Best Regards.
Can u please tell me , Chartered Accountants can take a benefit of Section 44 AD (presumtive Basis) or not?
Thanks & Best Regards.
29 March 2013
Can't, The section 44AD applies to only business since chartered are professionals.
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Ankit sehra
(Querist)
29 March 2013
Thanks for your reply..
section 44AA(1) definition of professionals includes accountancy work, does it also covers chartered accountants?
section 44AA(1) definition of professionals includes accountancy work, does it also covers chartered accountants?
29 March 2013
Yes it covers Chartered Accountants
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Ankit sehra
(Querist)
29 March 2013
Thanks Siddharth & Dilip
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