Can HUF also adopt section 44ADA of income tax act? Or is section 44ADA restricted only to individuals?
Menu
Can huf also adopt section 44ada of income tax act?
Replies (3)
Technically......... only individual can be professional.......
But act allows HUF and partnership firms to adopt section 44ADA.....
Thank you for the reply!
Most Welcome
Recent Threads
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
Related Threads
CAclubindia
