A retired chartered accountant (FCA) not holding certificate of practice is providing financial and accounting consultancy on freelance basis to various clients. Is he eligible to file returns under section 44ADA and enjoy the benefit of presumptive taxation at 50% of gross receipts?
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Eligibility of ca not in practice- presumptive income tax
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COP rules are as per ICAI regulations, but for 44ADA of IT act, he is not barred...
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