Sec 44AD covers Software Development or not
This query is : Resolved
RAHUL WADHWANI
(Querist)
08 March 2018
I have a frnd who is develops software for US firm. he gets all revenue in current A/c.
Can we file return under Sec 44AD? Does 44AD covers this profession or business ...
Can I select the nature of business Service Sector- Software Development Agencies- 0711 (code)
KAVIRAJA ADDANGADI
(Expert)
08 March 2018
Sec 44ADA Not cover for software development activities.
RAHUL WADHWANI
(Querist)
09 March 2018
Sir not Sec 44ADA I am asking for Sec 44AD.
RAHUL WADHWANI
(Querist)
09 March 2018
Anyone else ????????????????
KAVIRAJA ADDANGADI
(Expert)
09 March 2018
44AD also not applicable for software development. You have to file itr3
CA R SEETHARAMAN
(Expert)
13 March 2018
Whether he does the software development alone or by engaging some people and hiring an office.
First category will fall under 44ADA second category will fall under 44AD.
First category will fall under 44ADA second category will fall under 44AD.
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