Section 44ad
Querist : Anonymous
Dear Sir/Madam,
My query is
"Is section 44ad can applicable to professions other than those specified under section 44AA(1)?"
refer this link and point no2.
https://www.charteredclub.com/section-44ad/
Querist : Anonymous
Querist : Anonymous
The wordings used in the Section 44AD are as follows:-
"The provisions of this section, notwithstanding anything contained in the foregoing provisions, shall not apply to—
(i) a person carrying on profession as referred to in sub-section (1) of section 44AA;"
My doubt is that if the above section is not applicable to any profession than why specifically the profession specified in Section 44(1) has been excluded and not the profession mentioned in Section 44(2) i.e. non specified profession. By the wordings used it seems that the section only excludes specified professions and not others.
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