44ada

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For Practicing Accountant who has no professional degree could file his retrun under 44AD or 44ADA? pls reply.

Replies (6)

44AD       

thanks sir

Most Welcome

Thank you for the reply Mr Dhirajlal Rambhia Sir...
I'm also confused that related. Now, it's cleared...
My Dear Dhirajlal Sir.,
In case a practicing Consultant,
how to create his BS and PandL account...? or Only PandL account...?

44AD..... no books of accounts........

In normal case once P& L acc are prepared.......... BS can be derived by adding cost of  office assets or mobile laptop etc, and bank balance.

If you like personal assets are also added, but that makes it bit heavy.


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