Sec 44ad applicability
This query is : Resolved
Garre susmitha
(Querist)
07 September 2012
Respected Sir/Mam,
Doctor is Specified profession then 44AD is not applicable For doctors Is It Correct?.If Gross Receipts is more than 15 lakhs then 44 AB applicable If less Than 15 Lakhs Then Which Section Applicable For these People.
Doctor is Specified profession then 44AD is not applicable For doctors Is It Correct?.If Gross Receipts is more than 15 lakhs then 44 AB applicable If less Than 15 Lakhs Then Which Section Applicable For these People.
auditor sekar
(Expert)
07 September 2012
Professionals are not covered under 44AD. If Gross Income Exceeds Rs. 15 Lakhs then 44AB applicable.
please note:
The professionals should maintain Books of Accounts. (44AA)
please note:
The professionals should maintain Books of Accounts. (44AA)
Garre susmitha
(Querist)
08 September 2012
Thank u Sir,Is there is Any other Section If the Gross Receipts are lessthan 15 Lakhs?
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