A tax consultant just B Com is covered under 44ADA ?
If not he/she can show profit below 50% of Gross Receipt ?
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44ADA
Replies (6)
No Can not covered under 44ADA , its for professionals .
Profession of Accountancy means ? CA
if he was approved as sales tax professional or income tax professional by respective laws, he can opt for 44ADA
ok thanks
Mr krishnan please let me know where it is mentioned that sales tax and Income tax profeesionals approved by laws are covered under 44ADA ?.
at Prasad sir... where it has been mentioned that commerce graduates are not professionals? asking out of academic interests
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