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sec 44AD or 44AB same??
Plz tell about what is in sec 44AD or in sec 44AB?? Are they both same?
Replies (4)
not same, 44AD is for presumptive taxation scheme generally known as PTS and 44AB is the list of professionals or business who can obtain PTS
Sec 44AB:- Audit Of Accounts Of Certain Persons Carrying On Business Or Profession
Sec 44AD:- Presumtive tax under Income tax
You can refer-
https://www.caclubindia.com/articles/some-lights-on-sec-44aa-44ab-44ad--17846.asp
Some lights on sec 44AA, 44AB, 44AD
Read more at: https://www.caclubindia.com/articles/some-lights-on-sec-44aa-44ab-44ad--17846.asp
Thanks
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