Eligible Assessee for section 44 AD


05 June 2017 a individual is showing his income as consultancy business. nature of business is SERVICES OTHER Can he file his ITR 4S for A.Y. 2016-17 plz Reply with explantion as I am confuse with the word specify in section 44AD "ANY BUSINESS " can we understand it as any business whether it is services or this section is only for trading/manufacturing business ?

05 June 2017 It is not covered u/s 44AD as consultancy services is profession & profession is not covered under Sec 44AD


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