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)
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 Threads
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
- Returning to India - Residency confusion
Related Threads
CAclubindia
