Dear all, if a firm has turnover 1.17 crore and engaged in Technical Consultancy of road maintenance
can the firm opt for section 44Ad..
or the firm comes under section 44ADA
The partners are not professional y qualified...but they provide tecjival services...
Thank all in advance.
Menu
Presumptive taxation under 44AD and 44 ADA
Replies (5)
Quick Summary
Firm is not eligible for Presumptive Taxation since the the turnover is above 50lakhs for profession..
They are not professionals
Technical Consultancy comes under profession only .. Qualification is not criteria.
And it is not covered in 44AD since it is a service
And it is not covered in 44AD since it is a service
Restraudents are also providing services...they can opt for section 44AD
But Technical consultancy will not cover under 44AD
Recent Topics :
- Income tax on Australian Stipendiary Steward on 3
- INCOME TAX SECTION 92E
- Queries on Tax Invoice and GST
- Income Tax Auditor Tenure for Small Companies
- Sec 8 company sec 12ab reg
- AIS Password: How to Open Your AIS PDF?
- Interview Questions
- ITR Filing Last Date 2026
- Tds - filing Conso File for tax year 2026-27
- ITR-3 Filing For AY 2026-27 - Tips
Related Topics :
CAclubindia
