There is a documenet in the following link of IT department for section 44ADA and 44AD
https://www.incometaxindia.gov.in/tutorials/13.%20tax%20on%20presumptive%20basis%20in%20case%20of%20certain%20eligible%20businesses.pdf
Does the income needs to be not more than 50 lpa for application of 44ADA? The document at the above link does not mention any limit.
Can section 44AD be applied for persons who work in organization on contract basis?
Wants solution on contract* work basis and want to know how that is being reflected in that above document.
Followings are the questions
Does the income needs to be not more than 50 lpa for application of 44ADA? The document at the above link does not mention any limit. Can section 44AD be applied for persons who work in organization on contract basis?
Why the document at the following link does not show any limit for 44ADA?
https://www.incometaxindia.gov.in/tutorials/13.%20tax%20on%20presumptive%20basis%20in%20case%20of%20certain%20eligible%20businesses.pdf
Regards
CAclubindia
