if a professional is declaring income under section 44ada and declaring income of 50 percent .
is he required to maintain books of accounts ?
he is covered under clause of 44AA(i) but at the same time declaring income as per presumptive scheme
Menu
section 44aa
Replies (2)
No books of account required to be maintained.
That's the reason to bring in 44ADA by the Government
That's the reason to bring in 44ADA by the Government
Assessee opted for PRESUMPTIVE TAXATION SCHEME u/s 44AD, 44ADA and 44AE are not required to comply with the Provision of Section 44AA ( Maintaining Books of Accounts ) and 44AB ( Tax Audit ).
Recent Topics :
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
Related Topics :
CAclubindia
