Sec 44ad or 44ada - software development fixed price projects only

861 views
User Avatar

Accounting
69 Points Posted on 16 May 2019

One of my clients is running a software development partnership firm.

There are no hourly or professional services offered by the company. All work is done by employees on Fixed Price projects only. Will section 44AD or section 44ADA be applicable for tax computation purpose ?

0 Reply Share Follow
On 16 May 2019 at 21:25 Report
Replies (1)
User Avatar

100 Points Posted on 17 May 2019
u/s 44ada if annual Gross receipt from client does not exceed 50 lacks inr then the assesee can opt for presumptive scheme declared income should be 50% of gross reciept
in your case uh can opt but see to it Gross reciept not exceed 50 lacks inr
Reply
On 17 May 2019 at 22:19

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Discuss and Download CA Inter Question Paper Septe
  2. Hi experts needed some help
  3. Gift of Immovable Property u/s 92 of Income Tax Ac
  4. NSE BSE Pre-open session changes from 7 September
  5. Financial statements for non corporate entities
  6. Hi experts need some help
  7. Is SAP FICO a good career option for finance and a
  8. Direct Cost booking
  9. TDS on Property Purchase Paid
  10. Cash Purchase Above ₹10,000, ITR/40A(3) Trea

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
11 August 2026
Manager / Senior Manager - Statutory Audit

CommerceCareer

New Delhi

CA

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details
Company
ARTICLESHIP 08 August 2026
Article Assistant

Sanath Sheshagiri & Co.

Bengaluru

CA Inter

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
08 August 2026
International Corporate Tax Advisory

Shulke

Bengaluru

CA

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details