Sec 44AD
This query is : Resolved
12 April 2011
Dear All,
as per the amended Sec.44AD any eligible assessee for any eligible business can opt presumption income @ 8%.
My query is, could the service provider also able to get eligible in this and could the professional service come under this scheme
Pls elucidate it
as per the amended Sec.44AD any eligible assessee for any eligible business can opt presumption income @ 8%.
My query is, could the service provider also able to get eligible in this and could the professional service come under this scheme
Pls elucidate it
Aditya Maheshwari
(Expert)
12 April 2011
option is for business only and not for profession.
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