Suppose my mother who is a housewife starts a dental clinic (as owner) and we employ my wife the dentists, can my mother use 44 AD provisons under presumptive taxation?
44 AD is not allowed for a few professions such as plying, agency, commission business etc. It's been made ineligible for persons engaged in professions. But in tha later though it's the persons who have been made ineligible; not the business per se. I have been made aware that tribunals have generally supported 44 AD usage in such scenario is whereas AO's have sometimes objected. I don't know the truth behind those statements. What is the viewpoint or law here? Please guide!
CAclubindia
