Section 44 ad
Querist : Anonymous
As in section only word business in specifid.
Is the meaning of word business is enough to include the professionals also.
As per IT act, Business itself means business & profession.
Querist : Anonymous
and moreover, the intention of the act as in the case of Section 28va, where it state not to carry any activity related to business.
and then in another clause it specially mentioned not to share any knowledge, right, forumula etc in relation to any buss or profession.
Creates doubht in mind
If you are asking for F.Y 2011-12, i think it will be covered u/s 44AD as clear from the this year budget amendments.
Hope query clears now
Now Cheers
Querist : Anonymous
SO SECTION 44AD WILL NOT APPLY TO PROFESSION
CA MANOJ GUPTA
JODHPUR
09828510543
Querist : Anonymous
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