Section 44ada
This query is : Resolved
Sonam Tsering Sherpa
(Querist)
12 May 2017
Are management consultants eligible for section 44ada?
KAVIRAJA ADDANGADI
(Expert)
13 May 2017
Yes, all professionals can opt 44ADA.
Studentsca
(Expert)
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.
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