Hi every1,
Can a person having PROFESSIONAL INCOME avail the benefits of Sec. 44AD i.e. Presumptive Income at 8% of Gross T/O or Gross Receipts?
Thanks in Anticipation
Regards,
Sagar Bhadra
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Clarity on Section 44AD
Replies (3)
No any professional can't get benifit under 44 AD as section cleary suggest it will be applicable only for bussiness man.
Professional are not covered under 44AD, it is applicable to business income
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