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44AD for Non specified professional

Nishant (Assistant) (1092 Points)

09 June 2018

can Non- specified professional take advantage of presumptive income u/s 44AD?? Can they file ITR 4?

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160332 Points)
Replied 09 June 2018

As a profession....... No.

Section 44AD is applicable for 'ELIGIBLE BUSINESS'

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Sundararajan S (Final Student of ICAI) (1764 Points)
Replied 09 June 2018

Sir, yes a professional not covered u/s 44AA(1) can very much opt 44AD. However, the income group should be selected as service sector - others. 44AD applies for profession not covered u/s 44AA (1). It is also eligible business covered as service. Provision of service is also business. Merely because it is service, it cannot be referred to as profession covered u/s 44AA (1).