Section 44ada
This query is : Resolved
12 May 2017
Are management consultants eligible for section 44ada?
13 May 2017
Yes, all professionals can opt 44ADA.
13 May 2017
Only those professionals who are engaged in profession referred to in Section 44AA can opt for presumptive taxation under section 44 ADA.
14 May 2017
The 2nd one {professions specified in 44AA(1) only } is the correct answer.
14 May 2017
Section 44ADA specifically states Professions as per Section 44AA(1) and does not widen the scope to include any other profession.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54 f disallowed will be taxed at what rate
- ITR -1 Filing
- TWO FIRM NAME IN ONE GST NUMBER
- Transportation of Petrol, Diesel by GTA and Other than GTA
- Long term capital gain exemption on sale of mutual funds
- Transfer of rectification rights to ao
- SEA GOING ALLOWANCE
- Transfer of Rectification Rights to the Jurisdictional Assessing Officer
- Eway issued more than one
- Share in property
- Interest on building loan
- Non- payment of GST on supply of services- reg
- Other party gstin shown on my login id
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
- Query on TDS Section 194H
- Fees amount transfer procedure for two doctors
- Notice u/s 148 of IT Act
- Gst1A within time, will the customer get corrected ITC set off?
- Credit note for cycle round
Trending Online Classes
CAclubindia
